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Tax rates .

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73 Points Posted on 13 November 2021
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
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On 13 November 2021 at 17:03 Report
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Chartered Accountant
24588 Points Posted on 13 November 2021
Yes zero is also a rate
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On 13 November 2021 at 17:35
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GST Practitioner & Accounts
15093 Points Posted on 13 November 2021
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 .
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On 13 November 2021 at 18:23
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GST Practitioner & Accounts
15093 Points Posted on 13 November 2021

Zero rate is use for Export  of  Goods  or service . 

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On 13 November 2021 at 19:23
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Chartered Accountant
24588 Points Posted on 13 November 2021
Yes it is applicable in case of exports
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On 13 November 2021 at 20:07


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