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Refund available for SEZ Developer, Goods and Services Tax - GST |
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Refund available for SEZ Developer |
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I am working in SEZ. As per present draft GST, will SEZ Developer go for refund because developer does not have export. Please clarify. Posts / Replies Showing Replies 1 to 7 of 7 Records Page: 1
No GST provisions are there at present. It will be subject to the process to be undertaken by GST Council. As such you have to wait til such time.
Press Releases Legislative Changes for SEZ Scheme: Suitable legislative changes may be required in the SEZ Act to provide exemption from IGST, CGST, SGST on imports as well as domestic procurement of inputs. Section 26 and Section 30 of the SEZ Act would require appropriate modification to give effect to the same. Since supply from DTA to SEZ is treated as exports, it is to be ensured that zero rebating is available on such supplies. The definition of exports in the Model GST Law is at variance with SEZ Act. We need to synchronize the two to avoid any dispute.
Yes sir the GST if not finalised and has to undergo several changes before it becomes an Act. Thanks M/s. Yagay and Sun for sharing the updated information on GST. Thanks.
We have taken up on various issues relating to SEZ, EOU's & Export / Import Licences with Ministry of Commerce and Ministry of Finance. Even Ministry of Commerce too have taken up with MOF for redressal of exporters concerns in GST. Have shared the impact of GST on above sectors in my article titled "Impact of GST on Exports / Imports. There are lot of queries like rate of duty on clearances from SEZ / EOU in domestic and transitional arrangement for said units,etc........Wait for sometime, things will be put across in GST COuncil meeting scheduled for Sep 22, 2016
Sir, thanks for the updated news. Thanks.
Trade and Government both have to sit together to find harmonious ways to incorporate the relevant provisions in GST Laws for the benefit of businesses and supporting the Make in India concept to make it a success story.
Yagay & Sun correctly said. Page: 1 Old Query - New Comments are closed. |
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