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      Question

      What is the key benefit available to exporters under

      zero-rated supply?
      A They must pay GST and cannot claim ITC Correct Answer Incorrect Answer
      B They are exempt from filing returns Correct Answer Incorrect Answer
      C They can claim refund of unutilized Input Tax Credit (ITC) Correct Answer Incorrect Answer
      D They pay GST at a reduced rate Correct Answer Incorrect Answer

      Solution

      Explanation Under the Goods and Services Tax (GST) in India, when a taxpayer exports goods or services, exports are treated as zero-rated supplies . This means, no GST is charged on the export itself, and the exporter can claim refund of the unutilized Input Tax Credit (ITC) accumulated on purchases used for export.

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