Tax rates .

I have read that
there are 6 Rates applicable for goods
which does not include nil rate, I mean 0%

then what is nil rated supply
Replies (4)
Quick Summary
This discussion clarifies the different VAT rates applicable to goods and services in the UK. It explains that while there are typically six standard rates, the concept of 'nil-rated' supplies is distinct from zero-rated supplies. Nil-rated supplies are set to zero by government notification for public interest, whereas zero-rated supplies, such as exports, are also taxed at 0% but have different implications.

Yes zero is also a rate
Nil rated supply means Tax rates are kept NIL in the interest of public ,of certain goods or services by way notification by the GOVT , on the recommendation of the GST Council .

Zero rate is use for Export  of  Goods  or service . 

Yes it is applicable in case of exports

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
ARTICLESHIP 14 November 2026
Article Assistant

Jitendra Agarwal & Associates

Bengaluru

CA Inter

View Details
Company
10 November 2026
Direct Tax Manager

CAAQ CONSULTANCY PVT LTD

New Delhi

CA Final

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 14 November 2026
Articleship Assistant

B Thejas and Associates

Bengaluru

CA Foundation

View Details