Question 20 - Which of the following is included for computation of taxable supplies for the purpose of availing credit: (a) Zero-rated supplies; (b) Exempt supplies; (c) Both?
FAQ on GST dated 21.9.2016 based on Draft Model GST Chapter 10 Input Tax Credit
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Zero-rated supplies included when computing taxable supplies for input tax credit, while exempt supplies are excluded. Zero-rated supplies are included when computing taxable supplies for the purpose of claiming input tax credit, while exempt supplies are excluded from ... Summary
Zero-rated supplies included when computing taxable supplies for input tax credit, while exempt supplies are excluded.
Zero-rated supplies are included when computing taxable supplies for the purpose of claiming input tax credit, while exempt supplies are excluded from that computation.
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