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TaxTMI 
What is the difference between Nil rate, Zero percent and Zero rated supplies under GST.
Supplies under GST
16 Feb 2017 
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Zero rated supplies permit input tax credit on zero rated transactions, unlike nil rate exempt supplies where credit is generally denied.
Zero-rated supplies are taxable supplies charged at zero where input tax credit may be claimed (notably exports and SEZ supplies), whereas nil-rate or zero percent supplies are treated as exempt supplies on which input tax credit is generally not available; draft GST/IGST provisions distinguish these categories by linking zero-rating to credit entitlement and exempt/nil-rating to non-taxability without set-off. (AI Summary)
Zero-rated supplies are taxable supplies charged at zero where input tax credit may be claimed (notably exports and SEZ supplies), whereas nil-rate or zero percent supplies are treated as exempt supplies on which input tax credit is generally not available; draft GST/IGST provisions distinguish these categories by linking zero-rating to credit entitlement and exempt/nil-rating to non-taxability without set-off. (AI Summary)