Exempt, nil rated & Non Gst (Query)
Pratik Joshi (73 Points)
05 October 2017
What is the meaning and Difference between Exempt, Nil rated, Non Gst Goods & Services ?
Pratik Joshi (73 Points)
05 October 2017
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 05 October 2017
Sourav Mittal
(Still Learning)
(146 Points)
Replied 05 October 2017
Nil Rated: It is the supply of goods and services that have 0% GST but allows you to claim ITC on inputs.
Exempted : It is the supply of goods and services that does not attract GST and allows no claim on ITC.
Zero Rated : It includes:
- supplies made to any country other than India;
- supplies made to customers located in Special Economic Zones (SEZ) or SEZ Developers; and
- supplies made as Deemed exports.
Non GST :It is the supply of goods and services that does not come under the purview of GST while other taxes maybe applicable.
Example: Petrol, alcohol etc.
Pratik Joshi
(73 Points)
Replied 06 October 2017
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 06 October 2017
Vaibhav Aggarwal
(4 Points)
Replied 22 November 2017
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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