Definitions in GST
manikanta juluri (student) (47 Points)
12 March 2021
What is difference between Zero rated and Nil rated and Exempt Supply?
1 Replies
prasad Nilugal
(3914 Points)
Replied 12 March 2021
Export of Goods or Services and supply of Goods serviced to SEZ Unit are Zero rated supply (No GST) .
Exampt supply is examtion by way of Notification of certain Goods and services in their public Interest .
Nil reated supply GST applicable is Nil . like basic need Grain ,salt etc use for every day purpose.
Exampt supply is examtion by way of Notification of certain Goods and services in their public Interest .
Nil reated supply GST applicable is Nil . like basic need Grain ,salt etc use for every day purpose.
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
