Zero rated supply.

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....horised operations] to a Special Economic Zone developer or a Special Economic Zone unit. (2) Subject to the provisions of sub-section (5) of section 17 of the Central Goods and Services Tax Act, credit of input tax may be availed for making zero-rated supplies, notwithstanding that such supply may be an exempt supply. ^2[(3) A registered person making zero rated supply shall be eligible to ....

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....tances, in such manner as may be prescribed. (4) The Government may, on the recommendation of the Council, and subject to such conditions, safeguards and procedures, by notification, specify-- (i) a class of persons who may make zero rated supply on payment of integrated tax and claim refund of the tax so paid ^3[in accordance with the provisions of section 54 of the Central Goods and ....

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....n 123 of the Finance Act, 2021 w.e.f. 01-10-2023 before it was read as, "(3) A registered person making zero rated supply shall be eligible to claim refund under either of the following options, namely:-- (a) he may supply goods or services or both under bond or Letter of Undertaking, subject to such conditions, safeguards and procedure as may be prescribed, without pay....