Non Zero rated supply

[VISHWNANATH NR]

Dear Sir,

What do you mean by Non- Zero Rated supply of Services ?

AI Summary

Clarification on 'Non-Zero Rated Supply of Services' under GST: Domestic supplies taxed, excluding exports and SEZ supplies. A query was raised about the meaning of 'Non-Zero Rated supply of Services' under the Goods and Services Tax (GST) framework. Respondents clarified that non-zero-rated supply refers to domestic supplies, excluding exports and supplies to Special Economic Zones (SEZ), which are subject to tax. It contrasts with zero-rated supplies, which are tax-free but primarily for export purposes. The discussion highlighted that non-zero-rated supplies include both taxable and exempt domestic supplies, and they are not exempt from tax liability. The term was further explained in the context of 'Adjusted Total Turnover' in GST calculations.