Zero Rated Supply And Refund of IGST

1.  The concept of "Zero Rated Supply" for the first time has been incorporated under GST law. The innovative idea of zero rated supply is used by the GST law maker to distinguish export from other goods and services. By Zero rating, it is meant that the entire supply chain of a particular zero rated supply is tax free, i.e., there is no burden of tax either on the input side or output side.…