12-29-2004, 12:15 AM
AOA.
The main difference b/w zero rated supplies and exempt supplies is that in case of zero rated input tax is claimable whereas in case of exempt supplies input tax is not claimable rather it becomes part of total cost of a unit/product.
ICAP is the best.
The main difference b/w zero rated supplies and exempt supplies is that in case of zero rated input tax is claimable whereas in case of exempt supplies input tax is not claimable rather it becomes part of total cost of a unit/product.
ICAP is the best.
