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.
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