Can a person engaged exclusively in supply of NIL rated goods ( vegetables) is covered under provision of sec. 23(1)(a) ?
Pls justify ur answer.
Becoz according to me, wholly exempt supply includes Nil rated supply as well .
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Reg. requirement
Replies (3)
Yes he is liable to obtain registration. As nil rated means taxabale supply but chargeable at 0.
Exempt supplies includes nil rated supplies, supplies for which exemptions granted & non taxable supplies.
Thus supplier not liable for reg. if he is providing only nil rated supplies.
Thus supplier not liable for reg. if he is providing only nil rated supplies.
Anirban Sinha : according to sec. 2(47) Exempt suppy includes NIL rated supply.
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