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Nil rated/exempted/Non-GST
What is difference between Nil rated/exempted/Non-GST supply
Replies (4)
For all the above ITC is not available
nil rate or 0% gst are the goods or services specified in schedule I of CGST act eg. vegetable, fruits etc
exempted are goods or services which are notified by the government
NON GST supply are outside the purview or not taxable under GST ACT - petrol
nil rate or 0% gst are the goods or services specified in schedule I of CGST act eg. vegetable, fruits etc
exempted are goods or services which are notified by the government
NON GST supply are outside the purview or not taxable under GST ACT - petrol
Well explained. Exports are covered under Nil rated Supplies.
Exports are specified as zero rated supplies - exports of goods or services or both , supplies of goods and/or services to SEZ unit
Yes. Its by mistake from me.
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