https://www.taxtmi.com/forum/issue?id=118550 Zero-rated supplies under GST are confined to exports and supplies to SEZs and are intended to make the entire value chain tax-free by allowing either refund of unutilised input tax credit when supplies are made under bond/LUT or refund of integrated tax where tax is paid. Exempt, nil-rated, non-taxable and non-GST categories differ because exempt outputs often disallow input tax credit, leaving input taxes as costs. Certain inputs and non-GST levies remain outside credit even for zero-rated suppliers, limiting absolute neutrality. en-us Thu, 25 May 2023 07:54:33 +0530 Thu, 23 Jan 2025 15:54:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118550 Zero-rated supplies under GST are confined to exports and supplies to SEZs and are intended to make the entire value chain tax-free by allowing either refund of unutilised input tax credit when supplies are made under bond/LUT or refund of integrated tax where tax is paid. Exempt, nil-rated, non-taxable and non-GST categories differ because exempt outputs often disallow input tax credit, leaving input taxes as costs. Certain inputs and non-GST levies remain outside credit even for zero-rated suppliers, limiting absolute neutrality. Discussion-Forum GST Thu, 25 May 2023 07:54:33 +0530 https://www.taxtmi.com/forum/issue?id=118550