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What is meant by Zero Rated Supplies?

Question

What is meant by Zero Rated Supplies?

Expert Answer
Answered 05 Aug 2022
2104 views
As per sections of GST law, exports of goods and/or services and supply of goods and/or services to a SEZ unit fall under the definition of Zero-Rated Supplies. If a person is involved in the business of making only Zero-rated supplies, then he may be required to obtain registration under the GST law for the purpose of claiming refunds of unutilised ITC & Integrated taxes paid on outward supplies.

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