Nursery Plants are Nil Rated or Exempted ?
Amol Patil (15000) (30 Points)
26 November 2020
Live Trees and other plants can reported as " NIL Rated " or "Exempted" ?
1 Replies
Bullseye Advisors
(GST consultants)
(89 Points)
Replied 26 November 2020
As such makes no difference since both are used interchangeably. Perhaps better to show as exempted since it is covered in exemption notification (2/2017-rate).
Please note exempt supplies includes nil rated supplies as per definition under GST law.
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