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Nil rated goods
Nil rated goods are those goods whose item rates is 0%
Example :- Milk, Vegetables
Exempted goods
Exempted goods are those rate is 0 but not taxable for some.
Example :- Purchase for unregistered dealer is now exempt
Taxable goods
Goods on which GST is charged, or called Taxable goods.
Example :- Mobile phones
Note:- Taxable goods are categories into B2B and B2C as follows
Different types of Taxable Goods
B2B Invoices (4A,4B,4C,6B,6C)
It means Business to Business Invoice
Details of Sales Made to Registered Parties having GSTIN No. to be filled here
These registered parties may be within state or outside state
Hence ,both local and interstate sales to registered parties are covered here
B2C Small Invoices (5A,5B)
It means Business to Small Customer Invoice
- Sales is Central Unregistered person and Amount is upto 250000
- Sale is Local to Unregistered person (Even amount greater than 250000 to be entered here if it is local)
Hence, all local cash sales of shopkeepers and restaurants will be shown here
Consolidated amount to be shown, bill vise details not required.
B2C Large Invoices (5A,5B)
It means Business to Large Customer Invoice
It means Interstate sales to Unregistered persons of amount more than 250000
Hence it is to be filled if following condition is satisfied
- It is a Central Sale
- Sale is to unregistered persons
Amount is more than 250000(Including tax)
Export Invoice (6A)
It means sales outside India
It is of two types:-
Export WPAY
Pay IGST at full Rate applicable on Item and Claim Refund after Receiving Money from Abroad
Export WOPAY
Do not pay IGST and Export Goods Under Bond Undertaking
