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Supplies under GST

Goods and Services Tax - Started By: - Aitha RajyaLakshmi - Dated:- 16-2-2017 Last Replied Date:- 11-8-2017 - What is the difference between Nil rate, Zero percent and Zero rated . - Reply By YAGAY AND SUN - The Reply = https://www.taxmanagementindia .....

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rvices which are not taxable under this Act and includes such supply of goods and/or services which attract nil rate of tax or which may be exempt from tax under section 11 ; (B) As per Section 16 of draft IGST Act, 2016 . Zero rated supply (1) zero .....

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ection 17 of the CGST Act, 2016, credit of input tax may be availed for making zero-rated supplies, notwithstanding that such supply may be an exempt supply. (C) In my view, literally, there is no difference between ZERO AND NIL.' 0' is numer .....

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