Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
A zero-rated supply under GST (such as exports) is taxed at 0%, and the supplier can still claim a refund of input tax credit on inputs used.
Exports and similar sales that carry no GST, but the seller can still claim back tax paid on inputs.
Differs from an exempt supply where no ITC refund is available; exporters can either pay IGST and claim a refund, or export under a Letter of Undertaking (LUT) without paying tax upfront.
An exporter selling goods abroad charges 0% GST but can still claim a refund on GST paid for raw materials.
Exports and similar sales that carry no GST, but the seller can still claim back tax paid on inputs.
Zero-Rated Supply helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.