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query-nil rate and exempted

vinod vinod (50 Points)

29 June 2019

difference between nil rated and exempted sale?

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2 Replies

Siddaraju S Krishnappa (GST Expert) (190 Points)
Replied 29 June 2019

according to GST law
which goods attract 0% of tax is NIl rated
and which goods exclusively exempted under gst regime is exempted (specified goods and services)

nil rated is different from Zero rated supply
zero rated supply means "export without payment of GST"

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Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 01 July 2019

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.