<p style="text-align:justify"><span style="font-size:14px"><span style="color:#34495e">Exports and supplies to SEZ units and SEZ developers are zero-rated in GST. Zero-rating effectively means that no tax is payable on exports but the exporter/supplier is entitled to the input tax credit on inputs/input services used in relation to exports. The exporters have two options for zero rating, which are as follows,-</span></span><br />
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<p style="text-align:justify"><span style="font-size:14px"><span style="color:#34495e">(1) To pay integrated tax on supplies meant to be exported and get refund of tax so paid after the supply is exported.</span></span><br />
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<p style="text-align:justify"><span style="font-size:14px"><span style="color:#34495e">(2) To make export supplies under a bond or letter of undertaking and claim refund of taxes suffered on inputs and input services in relation to such exports.</span></span></p>