Question
Which of the following statements related to exempt and zero-rated GST supplies is correct? Both zero-rated supplies and exempt supplies are taxable at 0%. Neither
Which of the following statements related to exempt and zero-rated GST supplies is correct?
| Both zero-rated supplies and exempt supplies are taxable at 0%. Neither expenditures related to zero-rated supplies nor those related to exempt supplies are eligible for input tax credits | ||
| Zero-rated supplies are taxable at 0% 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 | ||
| Zero-rated supplies are taxable at 0% while exempt supplies are not taxable. Expenditures related to both zero-rated and exempt supplies are eligible for input tax credits | ||
| Both zero-rated and exempt supplies are taxable at 0%. Expenditures related to zero-rated supplies are eligible for input tax credits and those related to exempt supplies are not |
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