DIVISION 1Zero rated and exempt supply
(1) The supply of goods specified in Schedule 1 is zero rated for the purposes of this Act.
(2) The supply of services specified in Schedule 1 is zero rated for the purpose of this Act.
(3) Where the supply of any goods or the supply of any services is zero rated, the rate at which tax is regarded as being charged is zero per cent, and consequently no tax shall be charged on the supply.
(4) Where a taxable person has applied the rate of zero per cent to a supply under this section, the taxable person is required to obtain and retain such documentary proof as is acceptable to the Comptroller substantiating the person's entitlement to apply the zero rate to the supply.