How to differentiate Inward supply with Zero rated supply?
What is Inward supply? How does Zero rate supply work under GST regime? What is the difference between Inward supply and Zero rated supply?
Under GST system, the following information explains about Inward supply and Zero rated supply.
As per GST terms “Inward supply” in relation to a person, shall mean receipt of goods or services or both whether by purchase, acquisition or any other means with or without consideration; and “Zero rated supply” means any of the following supplies of goods or services or both.
The details about Inward supply and Zero rated supply with simple language from GST terms have been mentioned in this web blog separately. I suggest you to read these articles on Inward supply and Zero rated supply, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Inward supply and Zero rated supply separately below. You may kindly read the below links to know more about Zero rated supply and Inward supply.
Meaning of term Inward supply under GST
The above information easily explains about Zero rated supply and Inward supply.
I hope, you have satisfied with the difference between Inward supply and Zero rated supply explained above. Do you have different thought on difference between Zero rated supply and Inward supply?
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