Nil Rated or Exempted
Amit Jain (Proprietor ) (537 Points)
30 May 2018
Whether Non Branded Pulses(HSN Code 0713) are nil rated goods or Exempted goods.
9 Replies
Subhkaran Surana
(343 Points)
Replied 30 May 2018
It is nil rated since it attracts 0% rate of tax
But, as per section 2(47) of CGST act, 2017, exempt supplies includes nil rated supply
So , it is both nil rated and exempt supply and accordingly as per section 17 of CGST act, 2017, no ITC would be available in respect of such supply
But, as per section 2(47) of CGST act, 2017, exempt supplies includes nil rated supply
So , it is both nil rated and exempt supply and accordingly as per section 17 of CGST act, 2017, no ITC would be available in respect of such supply
Amit Jain
(Proprietor )
(537 Points)
Replied 30 May 2018
Whether in GSTR 1 in HSN detail it has to be shown in taxable value column
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 30 May 2018
exempt supply and exempted are 2 different terms. Mr. Raja PM is right.
Amit Jain
(Proprietor )
(537 Points)
Replied 30 May 2018
In 12-HSN wise summary of outward supplies whether the nil rated goods amount to be included in the taxable value
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 31 May 2018
Agree with Mr Raja PM both diff. term, As below
Nil Rated It is the supply of goods and services that have 0% GST.
Example: Grains, salt, jaggery etc.
Exempted It is the supply of goods and services that does not attract GST and allows no claim on ITC.
Example: Bread, fresh fruits, fresh milk and curd etc.
Nil Rated It is the supply of goods and services that have 0% GST.
Example: Grains, salt, jaggery etc.
Exempted It is the supply of goods and services that does not attract GST and allows no claim on ITC.
Example: Bread, fresh fruits, fresh milk and curd etc.
Mayank Agrawal
(student)
(22 Points)
Replied 17 December 2018
Whether Supply of Pulses i.e. nil Rated has to be shown in "Invoice Details" in GSTR-1 in B2B tab or only in "Other Details " in Table 8 ??
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