| 1001 | Wheat and meslin [other than those put up in unit container and bearing a registered brand name] | NIL GST | ||
| 1001 | Wheat and meslin put up in unit container and bearing a registered brand name | 5 % GST |
Wheat sold in market (be in gunny bags) without any registered brand.............. is NIL rated
| 1001 | Wheat and meslin [other than those put up in unit container and bearing a registered brand name] | NIL GST | ||
| 1001 | Wheat and meslin put up in unit container and bearing a registered brand name | 5 % GST |
Wheat sold in market (be in gunny bags) without any registered brand.............. is NIL rated
Similarly
| 1103 | Cereal groats, meal and pellets [other than those put up in unit container and bearing a registered brand name] | NIL GST | ||
| 1103 | Cereal groats, meal and pellets, including suji and dalia, put up in unit container and bearing a registered brand name | 5 % GST | ||
| 1104 | Cereal grains hulled | NIL GST | ||
| 1104 | Cereal grains otherwise worked (for example, rolled, flaked, pearled, sliced or kibbled), except rice of heading 1006; germ of cereals, whole, rolled, flaked or ground [other than hulled cereal grains] | 5 % GST |
What are the items that fall under nil rated and exempted..
Nil Rated : It is the supply of goods and services that have 0% GST but allows you to claim ITC on inputs.
Example: Grains, salt, jaggery etc
Exempted : It is the supply of goods and services that does not attract GST and allows no claim on ITC.
Example: Bread, fresh fruits, fresh milk and curd etc
Zero Rated : made to any country other than India; supplies made to customers located in Special Economic Zones (SEZ) or SEZ Developers; and, supplies made as Deemed exports.
Non-GST : It is the supply of goods and services that does not come under the purview of GST while other taxes maybe applicable. Example: Petrol, alcohol etc
If exempt supply includes nil rated also, then how are we supposed to segregate between exempt and nil in the returns?
| Originally posted by : Gitima Mishra | ||
 |
If exempt supply includes nil rated also, then how are we supposed to segregate between exempt and nil in the returns? |  |
| Nil Rated | It is the supply of goods and services that have 0% GST. Example: Grains, salt, jaggery etc. |
| Exempted | It is the supply of goods and services that does not attract GST and allows no claim on ITC. Example: Bread, fresh fruits, fresh milk and curd etc. |
| Zero Rated | Zero Rated Supplies include: - supplies made to any country other than India; and - supplies made to customers located in Special Economic Zones (SEZ) or SEZ Developers. |
| Non-GST | It is the supply of goods and services that does not come under the purview of GST while other taxes maybe applicable. Example: Petrol, alcohol etc. |
Goods Taxable at 0% Rate under GST can be consider as Exemted Sale?
But as per sec 17(3) Exempted supplies also include tax payable under reverese charge [sec 9(3) of CGST Act] also...kindly clarify.
CAclubindia
