If input tax credit is allowed only in respect of goods or services or both for effecting taxable supplies, would it not lead to loss of input tax credit on exempt supplies when exported?

If input tax credit is allowed only in respect of goods or services or both for effecting taxable supplies, would it not lead to loss of input tax credit on exempt supplies when exported? https://www.taxtmi.com/acts?id=24484 The framework treats zero-rated supplies as taxable supplies for input tax credit purposes, so inputs attributable to exported zero-rated supplies remain eligible for credit; the Integrated Goods and Services Tax Act defines zero-rated supply to include supplies that would otherwise be exempt. en-us Mon, 03 Apr 2017 15:29:45 +0530 Mon, 03 Apr 2017 15:29:45 +0530 TaxTMI RSS Generator If input tax credit is allowed only in respect of goods or services or both for effecting taxable supplies, would it not lead to loss of input tax credit on exempt supplies when exported? https://www.taxtmi.com/acts?id=24484 The framework treats zero-rated supplies as taxable supplies for input tax credit purposes, so inputs attributable to exported zero-rated supplies remain eligible for credit; the Integrated Goods and Services Tax Act defines zero-rated supply to include supplies that would otherwise be exempt. Act-Rules Bills Mon, 03 Apr 2017 15:29:45 +0530 https://www.taxtmi.com/acts?id=24484