what is diff between exempted goods & 0% rate goods can any provide list of exempted goods & 0 % rated goods as on today .
thanks
Exempted Goods:
These goods are completely exempt from GST.
No GST is levied on these goods.
Input tax credit (ITC) cannot be claimed for exempted goods.
Examples: Agricultural produce, funeral services, and educational services.
0% Rated Goods:
These goods are taxable under GST but at a rate of 0%.
GST is levied, but the rate is 0%.
Input tax credit (ITC) can be claimed for 0% rated goods.
Examples: Export of goods and services is typically zero-rated.
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