diff between nil rate n exempted goods
Saurabh Kumar (116 Points)
29 August 2017
what's the diff between nil rate and exempted good?
4 Replies
Balakrishnan
(Proprietor)
(342 Points)
Replied 29 August 2017
Nil rate and exempted are one and the same
Srinivas
(Manager)
(28 Points)
Replied 29 August 2017
Both are different.
Nil rate is zero rate it fall under rate category. But where as exempted goods are not fall under any rate category
Balakrishnan
(Proprietor)
(342 Points)
Replied 30 August 2017
Zero Rate refers only to Exports. Hence Nil and exempt are same
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