WE ARE TARDING INDUSTRIAL PRODUCTS. WE HAVE BOTH TAXABLE AND ZERO RATED SUPPLY(SUPPLY TO SEZ). WE WANT TO KNOW ITC TO BE REVERSED FOR ZERO RATED SUPPLY OR NOT.
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Gst reversed
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No reversal of ITC on zero rate supply to SEZ. The suppliers making Zero-rated supplies are entitled to claim refunds. The refunds are for the input tax paid on the goods and services which are used for such Zero-rated supplies (including non-taxable and exempt supplies).
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