AB milk centre paid a tax of rs. 90 on purchase of raw materials. The centre should sold goods at rs.550. Assuming the gst rate is 0%. ITC claimed by the AB Centre is
A)90
B)0
C)550
D)460
0 is the answer.
“exempt supply” means supply of any goods or services or both which attracts nil rate of tax or which may be wholly exempt from tax under section 11 of CGST Act orunder section 6 of the IGST Act, and includes non-taxable supply. Hence no ITC and the answer is zero
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