Valuation

For a “zero-rated good,” the government doesn’t tax its sale, but allows credits for the value-added tax (VAT) paid on inputs. If a good or business is “exempt,” the government doesn’t tax the sale of the good, but producers cannot claim a credit for the VAT they pay on inputs to produce it.

There are three types of rates under GST

1. Exempt Supplies - Nil rate , Zero pecent supplies

2. Zero Rated Supplies - Supplies to and from SEZ.

I want to know the difference between those two mentioned within the Exempt Supply.