Consider the following statements regarding the Goods and Services Tax (GST) treatment of exports in India:1.Export of services under GST is classified as zero-rated, allowing for the refund of input tax credits.2.Global Capability Centres (GCCs) are treated as intermediary services subject to local domestic taxation instead of zero-rating.Which of the statements given above is/are correct?

Statement 1 is correct because export of services under GST is zero-rated, permitting full input tax credit refunds. Statement 2 is incorrect because the GST Council proposed clarifying export definitions and refund rules precisely to resolve tax litigation and clarify that legitimate IT firms and GCC exports should not be wrongfully lumped under restrictive intermediary service definitions.