Zero rated supply
Section 16
Bill
ZERO RATED SUPPLY
MODEL IGST LAW – Draft The Integrated Goods and Services Tax Act, 2016 – [November 2016]
16. Zero rated supply
(1) “zero rated supply” means any of the following taxable supply of goods and/or services, namely –
(a) export of goods and/or services; or
(b) supply of goods and/or services to a SEZ developer or an SEZ unit.
(2) Subject to provisions of sub-section (3) of section 17 of the CGST Act, 2016, credit of input tax may be availed for making zero-rated supplies, notwithstanding that such supply may be an exempt supply.
(3) A registered taxable person exporting goods or services shall be eligible to claim refund under one of the following two options, name
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