Zero-rated sales definition
Zero-rated sales means the specified sales on which no tax is chargeable but are nevertheless eligible for input tax credit.
Zero-rated sales. ’ means the sales which are subject to tax as per the provision of the Act, but on which no tax is charged and credit for input tax paid in the State is allowable.
Zero-rated sales for the purpose of the Act, means a sale of goods in the course of inter-State trade or commerce, exports to outside the territory of India including sale in the course of export and sale of goods to any unit located in Special Economic Zone as may be notified.