A
Exports of goods or services where no tax is levied on output and input tax credits are fully refundable
B
Transactions between domestic manufacturing units that attract a concessional tax rate of zero point five percent
C
Supplies that are completely exempt from GST and where no input tax credit can be claimed
D
B2C retail sales below a specified monetary threshold managed by the Ministry of Rural Development
Correct answer: (a) Exports of goods or services where no tax is levied on output and input tax credits are fully refundable
Explanation
Option A is correct as zero-rated supply covers exports where no tax is levied on output and input tax credits remain fully refundable. Options A, C, and D misstate the legal definition of zero-rated supplies under GST law.
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.
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2024 · Q20 · UPPGS
Consider the following statements with respect to Ashoka: 1. The definition of Dhamma given by Ashoka is taken from "Rahulovada-sutta". 2. In the 14th year of his coronation, Ashoka appointed a new type of staff, called Dhamma-mahamatras. Which of the above statements is/are correct? Select the correct answer from the code given below: -
2018 · Q113 · UPPGS
'Saving energy and other resources for the future without sacrificing people's comfort in the present' is the definition of which of the following concepts?