Non Zero rated supply

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dear Sir, What do you mean by Non- Zero Rated supply of Services ? - Reply By Himansu Sekhar - The Reply = Please refer to the context you need the reply - Reply By KASTURI SETHI - The Reply = Yes. The query is incomplete. Full details are required. - Reply By VISHWNANATH NR - The Reply = Dear sir Further to the above question the meaning of Adjusted Total Turnover as follows. In this .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... case what do you mean by non-Zero-rated supply of services ? Adjusted Total Turnover means the sum total of the value of- (a) the turnover in a State or a Union territory, as defined under clause (112) of section 2 , excluding the turnover of services; and (b) the turnover of zero-rated supply of services determined in terms of clause (D) above and non-zero-rated supply of services , .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... excluding- (i) the value of exempt supplies other than zero-rated supplies; and (ii) the turnover of supplies in respect of which refund is claimed under sub-rule (4A) or sub-rule (4B) or both, if any, during the relevant period. - Reply By KASTURI SETHI - The Reply = Non-zero-rated supply means other than export of goods or services or both and other than supplies made to SEZ unit or .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... SEZ Developer. In simple words, supplies made for home consumption (taxable and exempted both). It is pertinent to mention that zero rated supply is not exempted. Zero rate is also a rate of duty. Such supply is tax-free but for export. On the other hand, non-zero rated supply means the supply is not tax-free. Leviability of tax is there on non-zero-rated supply. - Reply By Ganeshan Kalyani .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... - The Reply = Yes, non-zero rated supply means supply other than export i.e. domestic supply. - Non Zero rated supply - Query Started By: - VISHWNANATH NR Dated:- 31-10-2019 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TM .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... I - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X