Zero-rated supplies included: count them when computing taxable supplies for availing input tax credit, exempt supplies excluded. For computing taxable supplies for the purpose of availing input tax credit, zero-rated supplies are included while exempt supplies are excluded; only ... Summary
Zero-rated supplies included: count them when computing taxable supplies for availing input tax credit, exempt supplies excluded.
For computing taxable supplies for the purpose of availing input tax credit, zero-rated supplies are included while exempt supplies are excluded; only zero-rated supplies contribute to the relevant measure of taxable supplies.
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