zero rated and nil rated tax

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preeta prakash

32 Points Joined June 2017

what is the difference between zero rated supply and nil rated supply

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Guest

Zero-Rated Supply refers goods and services sold by the companies are free from Goods and Services Tax (GST) regime. i.e.Exports Supplies made to SEZ or SEZ Developers.

whereas nil rated supply refers to supplies that have a declared rate of 0% GST. i.e.: Salt, grains, jaggery etc