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What (who) is zero-rated - definition

Zero-rated goods

zero-rated

PRACTICE OF PROVIDING GRATIS INTERNET ACCESS UNDER CERTAIN CONDITIONS, SUCH AS BY ONLY PERMITTING ACCESS TO CERTAIN WEBSITES OR BY EXEMPTING CERTAIN WEBSITES FROM THE DATA ALLOWANCE

User:Aeroid/Zero-rating; Draft:Zero-rating; Zero-rated; Zero rating

¦ adjective Finance, Brit. denoting goods or services on which VAT is not levied.

Derivatives

zero rating noun

Zero-rating

PRACTICE OF PROVIDING GRATIS INTERNET ACCESS UNDER CERTAIN CONDITIONS, SUCH AS BY ONLY PERMITTING ACCESS TO CERTAIN WEBSITES OR BY EXEMPTING CERTAIN WEBSITES FROM THE DATA ALLOWANCE

User:Aeroid/Zero-rating; Draft:Zero-rating; Zero-rated; Zero rating

Zero-rating is the practice of providing Internet access without financial cost under certain conditions, such as by permitting access to only certain websites or by subsidizing the service with advertising or by exempting certain websites from the data allowance.

https://en.wikipedia.org/wiki/Zero-rating

Zero-rated supply

In economics, zero-rated supply refers to items subject to a 0% VAT tax on their input supplies. The term is applied to items that would normally be taxed under valued-added systems such as Europe's Value Added Tax (VAT) or Canada's Goods and Services Tax (GST).

https://en.wikipedia.org/wiki/Zero-rated_supply

Wikipedia

Zero-rated supply

In economics, zero-rated supply refers to items subject to a 0% VAT tax on their input supplies. The term is applied to items that would normally be taxed under valued-added systems such as Europe's Value Added Tax (VAT) or Canada's Goods and Services Tax (GST). Examples of these items include: most exports, basic groceries, and prescription drugs.

Under Indian GST Act, 2016 , Any supplies ( supply should be defined in accordance with GST India) made by a registered dealer as an export (both goods or services) or supply to an SEZ qualifies for Zero Rated Supplies in GST. This attracts zero rate of taxation and ITC (Input Tax Credit) can also be explained through the e-portal of GST Council.

https://en.wikipedia.org/wiki/Zero-rated supply

Examples of use of zero-rated

1. The items were actually cakes and should have been zero–rated.

2. Contraceptives on prescription are zero–rated, as are those fitted or injected by health professionals.

3. The Milibands‘ deed of variation would have ensured that Ralph‘s zero–rated death duty allowance was fully used up.

4. He appreciated the government for the induction of zero–rated regime, both for customs tariff and sales tax, without any more involving the hassle of refund. «The zero–rated regime has been termed as a land–mark and would, indeed, pave way for acceleration of export of textile, leather carpet, surgical and sports goods in the context of current global conditions», he added.

5. At the other end of the spectrum, a small number of hybrid vehicles with virtually no emissions will be exempt altogether through a zero–rated car tax.