Importance of Zero-Rated Supplies

Akhil Sharma05 Mar, 2025Education

Zero rated supply is a term used in the Goods and Services Tax. It is taxed at 0% but is eligible for Input Tax Credit (ITC). This means businesses can claim a refund on the GST they have paid on inputs used to provide these supplies. There are Importance of Zero-Rated Supplies 1. Encourages Exports 2. Promotes SEZ Growth 3. Supports in Economic Growth.