https://www.taxtmi.com/acts?id=24137 Section 16 defines zero rated supply as exports and authorised supplies to Special Economic Zone developers or units and confirms that input tax credit may be availed for such supplies notwithstanding any exempt status, subject to section 17(5) CGST. Registered persons may claim refund of unutilised input tax credit without payment of integrated tax when supplying under bond or Letter of Undertaking, and the Government may notify classes allowed to pay integrated tax and claim refunds; refunds are barred where zero rated goods are subject to export duty. en-us Mon, 27 Mar 2017 18:54:44 +0530 Mon, 30 Sep 2024 16:10:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=24137 Section 16 defines zero rated supply as exports and authorised supplies to Special Economic Zone developers or units and confirms that input tax credit may be availed for such supplies notwithstanding any exempt status, subject to section 17(5) CGST. Registered persons may claim refund of unutilised input tax credit without payment of integrated tax when supplying under bond or Letter of Undertaking, and the Government may notify classes allowed to pay integrated tax and claim refunds; refunds are barred where zero rated goods are subject to export duty. Act-Rules GST Mon, 27 Mar 2017 18:54:44 +0530 https://www.taxtmi.com/acts?id=24137