Goods which get input tax credit without being liable to collect output tax is called
A)exempt goods
B)white goods
C)sin goods
D)zero rated goods

Question

Quizplus · Accepted Answer

Zero-rated goods are those on which the government does not charge any output tax but allows credits for the input tax. This is often used to make essential goods more affordable and to avoid the cascading effect of taxes.

Goods Which Get Input Tax Credit Without Being Liable to Collect