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 | – | Basic 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.
Sale of ‘Nil-Rated’ , ‘Exempted’, Items & Goods using TallyPrime
Transactions:
30-04-2023 Sold the following items in Cash which are Nil Rated and Exempted
| Name of items | Quantity | Rate | Value | |
| Moong Dal (Loose) | 50 Kg. | 100 | 100 | (Nil Rated) |
| Salt | 20 kg. | 30 | 30 | (Nil Rated) |
| Bread | 48 Pcs. | 25 | 25 | (Exempted) |
| Fruits | 10 Kg. | 125 | 125 | (Exempted) |
Sale Invoice of above goods are given below :
[98-Practical Assignment-TallyPrime]
GST Details of the above invoice :
When you Press Alt+A or Ctrl + O (Related Reports) and select GST – Tax Analysis from Additional Details and Press Alt + F1 or ALT+F5 for Details…you will see the GST Analysis as below by default.
[99-Practical Assignment-TallyPrime]
[Practical Assignment]
Sold the following items in Cash to a Consumer which are Nil Rated and Exempted in 30th. April 2023.
| Fortune Besan -500g | 10 | Pcs | 60 |
| Fortune Chakki Atta-10kg. | 5 | Pcs | 375 |
| Chana Dal -1Kg. | 4 | Pcs | 110 |
| Moong Dal -500g.. | 10 | Pcs | 90 |
| Black Chana- 1Kg. | 8 | Pcs | 110 |
