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Nil rated/exempted/Non-GST

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10 Points Posted on 06 January 2020
What is difference between Nil rated/exempted/Non-GST supply
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On 06 January 2020 at 23:14 Report
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840 Points Posted on 07 January 2020
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
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On 07 January 2020 at 16:57
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C.A FINAL STUDENT AND QUALIFIED C.M.A
563 Points Posted on 07 January 2020

Well explained. Exports are covered under Nil rated Supplies.

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On 07 January 2020 at 17:06
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840 Points Posted on 07 January 2020
Exports are specified as zero rated supplies - exports of goods or services or both , supplies of goods and/or services to SEZ unit
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On 07 January 2020 at 17:09
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C.A FINAL STUDENT AND QUALIFIED C.M.A
563 Points Posted on 07 January 2020

Yes. Its by mistake from me.

1 Reply
On 07 January 2020 at 17:13


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