Zero Rated goods and nil rated goods are same????
Whether itc of tax paid on input will be allowed to claim as refund if final product is under nil cateogry
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Zero Rated goods and nil rated goods are same???? Whether itc of tax paid on input will be allowed to claim as refund if final product is under nil cateogry
Replies (3)
No, zero rated goods are different from nil rated....
zero rated goods means:
1. export goods
2. goods supplied to SEZ
While nil rated are covered under exempted goods category and having nil rate of tax
zero rated goods means:
1. export goods
2. goods supplied to SEZ
While nil rated are covered under exempted goods category and having nil rate of tax
thank you
Whether itc of tax paid on input will be allowed to claim as refund if final product is under nil cateogry
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