What is the difference between Nil Rated, exempted and non-GST?

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What is the difference between Nil Rated, exempted and non-GST? 2017-09-07T17:10:48+00:00

GST India Forum – Goods and Services Tax (GST) in India Forums Discussion What is the difference between Nil Rated, exempted and non-GST?

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  • Murugesan AllimuthuMurugesan Allimuthu
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    #2520 |

    What is the difference between Nil Rated Supplies, Exempted and Non-GST supplies?

    Carl SabberwalCarl Sabberwal
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    Nil Rated supplies are those supply of goods, or services, or both which are included in the Schedule of Taxes but the rate of Tax is “NIL”
    Exempted supplies have been defined under section 2(47) and means supply of any goods or services or both which attracts nil rate of tax or which may be wholly exempt from tax under section 11, or under section 6 of the Integrated Goods and Services Tax Act, and includes non-taxable supply;
    Non-GST supplies are petroleum products and alcoholic liquor for human consumption.

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