Which of the following statements related to exempt and zero-rated supplies is correct?

A: Both zero-rated and exempt supplies are taxable at 0.0 percent.Expenditures related to zero-rated supplies are eligible for input tax credits and those related to exempt supplies are not

B: Zero-rated supplies are taxable at 0.0 percent, while exempt supplies are not taxable.Expenditures related to both zero-rated and exempt supplies are eligible for input tax credits

C: Zero-rated supplies are taxable at 0.0 percent, while exempt supplies are not taxable.Expenditures related to zero-rated supplies are eligible for input tax credits and those related to exempt supplies are not

D: Both zero-rated and exempt supplies are taxable at 0.0 percent.Neither expenditures related to zero-rated supplies nor those related to exempt supplies are eligible for input tax credits