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Record Nil Rated and Exempt Sales Under GST

Goods or services with a nil rate are taxed at 0%. Similarly, supplies of exempt goods or services are fully exempted from GST. However, such vouchers must be reported in your GSTR-1 for filing purposes.

While recording a sales voucher:

1. Select the party ledger configured with Registration Type as Regular.
2. Select the sales ledger configured with Nature of Transaction as System Inferred.
3. Select the stock item configured with Taxability Type as Exempt or Nil Rated.
4. Do not select any tax ledgers for exempted and nil rated supplies.
5. Press Alt+O to view the GST – Tax Analysis report. Verify that the tax for the sale is shown as Exempt or Nil Rated.
6. Provide other necessary details and press Ctrl+A to save.
   

The transaction value appears in GSTR-1 under Nil Rated Invoices – Table 8A, 8B, 8C, 8D (Nil Rated).