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(Querist)
06 September 2015 why there is input tax credit for zero rated sale and y not for exempted sale
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CA Chandra Kishore Bajpai

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CA Chandra Kishore Bajpai (Expert)
10 September 2015 Input tax credit is allowed against taxable sale and zero rate is also a rate under taxation law but exempt sale is sale where no tax is levied at all. that's why ITC is allowed against ZERO rated sale but nat against exempt sale

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