In case of Zero-Rated Supplies ITC is allowed and refund in respect of such supplies may be claimed by which of the following options:

CS Executive · Tax Laws · PYQS · June 2024
In case of Zero-Rated Supplies ITC is allowed and refund in respect of such supplies may be claimed by which of the following options:
(A) Supply made without the payment of IGST under Bond/LUT and claim refund of unutilised ITC
(B) Supply made on payment of IGST and claim refund of the same
(C) Either (A) or (B)
(D) Both (A) and (B)

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Goods and Services Tax (GST)

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