GST Marks booster MCQ | Zero rate supply | S 16 | IGST

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Zero rated supply is a taxable supply where both inward supply is taxable and outward supply is also taxable. But the only difference is that in zero rated supply Govt. shall refund all the taxes both levied on inward supply or outward supply. Zero rated supply is of two types a. Export of goods or services b. Supply to SEZ unit or to SEZ developer