Exempt supplies, non-taxable supplies and zero-rated supplies :
- Section 2(47) – “exempt supply” means supply of any goods and/ or services
- which attract nil rate of tax; or
- which may be exempt from tax under Section 11 or Section 6 of IGST Act
- and includes non-taxable supply
- Section 2(78) – “non-taxable supply” means a supply of goods and/or services which is not leviable to tax under this Act or IGST Act
- Section 16(1) of IGST Act – “zero-rated supply” means any of the following supplies of goods and/or services, namely –
a)Export of goods and/or services
b)Supply of goods and/or services to a SEZ developer or an SEZ unit.