Tag archives for exempt supply
ITC-01 enabled on GST portal for availing ITC in various cases
ITC 01 is now enabled on portal for availing Input Tax Credit in various situations like the one illustrated below: Registered persons whose exempt supply of goods and/or services become…
Registered person supplying exempted goods, which invoice to be issued?
Registered person supplying exempted goods, which invoice to be issued? Answer - A registered person who is supplying exempted goods or services shall issue Bill of Supply. He should not…
What is the difference between Nil Rated, Zero Rated and Exempt supplies?
What is the difference between Nil Rated, Zero Rated and Exempt supplies? There is a confusion among taxpayers as to what is the difference between Nil Rated, Zero Rated, and Exempt…