What is the basic difference in nil rated and exempted goods in gst
Nilmani Chakraborty (45 Points)
10 November 2018Nilmani Chakraborty (45 Points)
10 November 2018
ajay
(Student)
(178 Points)
Replied 10 November 2018
Nil Rated goods are those goods where tax rate is zero percent i.e the goods are basically taxable but rate is 0% where as Exempted goods are those goods where the goods are totally exempted from gst i.e goods are not taxable at all.
gupta gopavarapu
(109 Points)
Replied 10 November 2018