Hello divakar ..Sec 16 of IGST Act says ITC cannot be denied while exporting nil rated Goods also.And only That. I think it has no connection with what we have discussed earlier .Means Nowhere in Sec 16 says Export of Nil rated goods be considered as Zero Rated.
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Hello divakar ..Sec 16 of IGST Act says ITC cannot be denied while exporting nil rated Goods also.And only That. I think it has no connection with what we have discussed earlier .Means Nowhere in Sec 16 says Export of Nil rated goods be considered as Zero Rated.
Actually on export there is not tax... Whether u r exporting nil rated items or taxable items.... They r collecting igst and later refunded it.... Export is exclusively called zero rated.... Zero is also a rate while nil rated is exempted item
Whether u r exporting nil rated items or taxable items... They r called zero rated supply... In nil rated items export u hv not paid any tax on that
Section 16 of IGST act specifically told that zero rated supply means exporting of goods or services
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