What is the key benefit available to exporters under

Q: Answer-What is the key benefit available to exporters under zero-rated supply?

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.

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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HPCL CA

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