Difference between exempted, nil rated sales....regard
This query is : Resolved
13 June 2019
Sir,
Is Newspaper Sales Comes under exempted or Nil rated...?
Same as Text Book and Literature Book sales comes under what....Exempted or Nil rated...?
Please clarify me in particular two above products.
Is Newspaper Sales Comes under exempted or Nil rated...?
Same as Text Book and Literature Book sales comes under what....Exempted or Nil rated...?
Please clarify me in particular two above products.
Guest
Guest
(Expert)
13 June 2019
Edit:
Exempt/Nil means that the tax collection stage has stopped. Neither further tax payment nor credit of input taxes. It would mean final consumption of the goods/services.
Zero rated means 0% tax rate on final consumption, so all taxes paid on purchases can be claimed as refund.
Exempt/Nil means that the tax collection stage has stopped. Neither further tax payment nor credit of input taxes. It would mean final consumption of the goods/services.
Zero rated means 0% tax rate on final consumption, so all taxes paid on purchases can be claimed as refund.
14 June 2019
Thanking you sir, And Please clarify me in
1) Is Text Book & Literature Book sales comes under Exempted Sales...?
2) News Paper sale comes under what....Either Exempted or Nil Rated...?
1) Is Text Book & Literature Book sales comes under Exempted Sales...?
2) News Paper sale comes under what....Either Exempted or Nil Rated...?
Guest
Guest
(Expert)
15 June 2019
All are exempted.
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