Please enlighten me on distinction between 0 & nil rates and between exempt & non gst.
1 Replies
Dixit
(CA Final)
(2405 Points)
Replied 29 December 2017
some of the good or services government specify for 0%rated like milk it's called zero rated or nil rated supply..
And government specifically by way of notification some goods or services out of the GST then it's call exempt goods or services
And government specifically by way of notification some goods or services out of the GST then it's call exempt goods or services
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