Input is taxed at some rate e.g.5%
But Output is taxed at 0% or exempt.
Then We can get Refund of gst paid on input or we have to bear it & add it as cost??
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GST Rate
Replies (1)
IF OUTPUT GST IS ZERO RATED THEN YOU WILL GET REFUND.
BUT IF OUTPUT TAX IS EXEMPT FROM GST THEN NO REFUND IS AVAILABLE.
HERE YOU SHOULD KNOW THAT ZERO RATED AND EXEMPT ARE TWO DIFFERENT THINGS IN GST
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