With the introduction of GST, the goods and services have been classified into Nil Rated, Exempted, Zero Rated and Non-GST supplies. The Purchase or Sales of these goods to a local or interstate customer does not attract GST, and can be recorded using a Purchase / Sales voucher. Let us take a look at what distinguishes each of them with some examples:
| Supply | GST Applicable | Type of Supply | Eligibility for ITC | Examples |
| NIL Rated | 0% | Everyday items | No | Grains, Salt, Jaggery, etc. |
| Exempted | – | Basis essentials | No | Bread, Fresh Fruits, Fresh Milk, Curd etc. |
| Zero Rated | 0% | Overseas supplies, Supply to Special Economic Zones (SEZ) or SEZ Developers | Yes | – |
| Non- GST | – | Supplies for which GST is not applicable but can attract other taxes | No | Petrol, Alcohol etc. |
In case of above Items and Goods , the option Nil Rated / Exempt has to be selected as the Taxability in the GST Details screen of the item or item group master.
Setting Nil-Rated & Exempted items and Goods :
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Transactions:
Sold the following items in Cash which are Nil Rated and Exempted
| Name of items | Quantity | Rate | Value | |
| Moong Dal | 50 Kg. | 100 | 5000 | (Nil Rated) |
| Salt | 20 kg. | 30 | 600 | (Nil Rated) |
| Bread | 48 Pcs. | 25 | 1200 | (Exempted) |
| Fruits | 10 Kg. | 125 | 1250 | (Exempted) |
| Total | 8050 |
Sale Invoice of above goods are given below :
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GST Details of the above invoice :
When you Press Ctrl + I (More Details) and select GST – Tax Analysis from Additional Details and Press Alt + F1 for Details…you will see the GST Analysis as below by default.
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