What is an important benefit associated with zero-rated supplies?, Supplier can never claim ITC, Supplier may claim eligible ITC/refund subject to applicable conditions, GST must always be paid at 28%, GST must always be paid at 28%, A transport company purchases diesel for its trucks. Which statement is correct?, Diesel is charged with GST, Diesel is currently outside GST, Diesel is always zero-rated, Diesel is exempt from GST but still treated as a GST supply, Which of the following can have GST exemptions?, Certain healthcare services, Certain educational services, Certain agricultural services, All of the above, 6. Which is a non-GST supply?, Alcoholic liquor for human consumption, Export of goods, Export of software services, Supply to an SEZ for authorised operations, Nil-rated supply and zero-rated supply are exactly the same under GST, TRUE, FALSE, A student pays fees to a recognised school for education. The eligible educational service is generally:, Taxed at 28%, Zero-rated, Exempt from GST, Taxed at 18%, What does nil-rated supply mean?, GST is charged at 28%, The supply is outside the GST law, The applicable GST rate is 0%, The supply is an export, A company gives free medicine samples to doctors and dealers. Can it generally claim ITC on the GST paid for those samples?, Yes, because the samples are used for business promotion, Yes, but only if the samples are below ₹50,000, No, ITC relating to goods disposed of by way of gifts or free samples is restricted, Yes, because no GST is charged on the outward supply, Which statement best captures the main message of the presentation?, If no money is charged, there is never any GST consequence, All residential properties are exempt from GST, ₹0 GST always means there are no tax consequences, Non-GST, Exempt/Nil-rated, Zero-rated and Taxable supplies can have different GST and ITC consequences, Under GST regulations, which service provided by an educational institution is exempt from tax?, Core educational services leading to a recognized qualification., Renting of school premises for commercial weekend events., Placement services offered to external corporate recruiters., Training programs conducted by unaccredited private coaching centers.

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