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 supplies under GST. – Reply By YAGAY AND SUN – The Reply = https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=7231&kw=Definition-of-Turnover-in-a-State-and-Zero-rated-supply – Reply By KASTURI SETHI – The Reply = (A) As per Section 2 (44) of drafter Model GST Act, exempt supply means supply of any goods and/or services 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 rat
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