What is difference between exempt, Non taxable and zero rated supply? Conditions for export of service?

Question

Accepted Answer

Explain the difference between exempt, non-taxable, and zero-rated supply and the conditions for export of service.

Exempt supply is not subject to tax and the supplier cannot claim input tax credit.
Non-taxable supply is not subject to tax but the supplier can claim input tax credit.
Zero-rated supply is taxable but at a rate of 0% and the supplier can claim input tax credit.
Export of service is zero-rated if the recipient is located outside the country and the payment is received in foreign currency within a specified time period.
Conditions for export of service include that the service is not performed in the country, the recipient is located outside the country, and the payment is received in foreign currency within a specified time period.