What is the difference between zero rated, nil rated, exempt, wholly exempt, non taxable, non-supply? Discuss with the help of examples

As per Section 16 of Integrated Goods and Service Tax Act, zero-rated supplies mean: – Export of goods or services or both; or Supply of goods or services or both to a Special Economic Zone developer or a Special Economic Zone unit. For example, export of mobile phones to Australia. Supply of goods or services…...

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