'Zero rate' sale is advantageous than 'exempt sale' in VAT, since the zero rate sale is

CS Executive · Tax Laws and Practice · PYQS · December 2015
'Zero rate' sale is advantageous than 'exempt sale' in VAT, since the zero rate sale is
(A) Exempt from VAT levy
(B) Eligible for refund of VAT on inputs used
(C) Export sale
(D) Unsaleable goods.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: VAT (Value Added Tax)

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic