SEZ

Supply By/To Special Economic Zone (SEZ) Unit – An overview

Goods and Services Tax - The Special Economic Zone commonly known as SEZ. Before discussing the supply by or to SEZ, first let us try to understand what this Special Economic Zone is. The Government of India enacted the Special Economic Zone Act, 2005 to boost exports, wherein special benefits are given to those who set up industries in the […]...

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Refund for Zero Rated Supply to SEZ unit/Developer without GST payment

Goods and Services Tax - As per Section 16(1) of the IGST Act 2017, the Supplies to SEZ are treated as zero-rated supply thereby the supplier supplying goods or services cannot charge GST to SEZ....

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Madras High Court- Allowed refund of unutilized ITC for zero-rated supplies effected by an SEZ unit

Goods and Services Tax - Hon’ble High court in the instant case held that there is no merit in the impugned order passed by the authorities denying the benefit of refund of unutilized input tax credit of zero rated supplies effected by the petitioner. Hence, the petition has been allowed together with consequential relief and above observations....

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Recommencement of ‘work from office’ model by units established in SEZs

Goods and Services Tax - In the awake of spread of COVID-19 cases, almost all offices have opted for an unusual and untested way of ‘working from home’ and the units established in various Special Economic Zones (SEZ) were no exception to it....

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Treatment of Transactions relating to SEZ under GST

Goods and Services Tax - What is a Special Economic Zone (SEZ)? Special Economic Zone means an area in the country that is subject to different economic regulations than other regions within the same Country. The Special Economic Zone economic regulations influence to be conductive to and attract FDI (Foreign Direct Investment). Foreign Direct Investment (FDI) re...

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New Legislation to Replace Special Economic Zones Act

Goods and Services Tax - The Special Economic Zones Act will be replaced with a new legislation that will enable the states to become partners in Development of Enterprise and Service Hubs said the Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, while presenting the Union Budget for 2022-23...

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378 SEZs are presently notified, out of which 265 are operational

Goods and Services Tax - Ministry of Commerce & Industry 378 SEZs are presently notified, out of which 265 are operational Posted On: 10 MAR 2021 The Special Economic Zones (SEZs) policy was launched in April, 2000.  The Special Economic Zones Act, 2005, was passed by Parliament in May, 2005 which received Presidential assent on the 23rd of June, 2005.  Th...

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Impact of Corona on Sezs

Goods and Services Tax - Along with IT/ITES Units, Non IT/ITES Units in SEZs have also been allowed to take desktop/laptop outside SEZs to work from home. This has enabled exports especially in IT/ITES sector to register a positive growth despite lockdown....

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Compliances to be met by units / developers / co‐developers of SEZs relaxed

Goods and Services Tax - Department of Commerce decided to provide relaxations on compliances to be met by units / developers / co‐developers of Special Economic Zones (SEZs). Such compliances to which the relaxations will apply ...

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Cabinet approves Special Economic Zones (Amendment) Bill, 2019 

Goods and Services Tax - The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved to introduce a Bill, namely, the Special Economic Zones (Amendment) Bill, 2019 that is the Bill to replace the Special Economic Zones (Amendment) Ordinance, 2019 (12 of 2019).  The Bill will be introduced in ensuing session of the Parliament....

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HC explains exemption from service tax to SEZ Developer or Unit to carry on authorised operations

GMR Aerospace Engineering Limited Vs Union of India (Telangana High Court) - GMR Aerospace Engineering Limited Vs Union of India (Telangana and Andhra Pradesh High Court) Hon’ble Telangana and Andhra Pradesh High Court in GMR AEROSPACE ENGINEERING LIMITED AND ANOTHER Vs. UNION OF INDIA AND OTHERS mentioned that as long as the services are used for authorized operatio...

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SEZ developer eligible for Section 80IAB deduction on Leasing Income

DCIT Vs DLF Assets Pvt Ltd. (ITAT Delhi) - DCIT Vs DLF Assets Pvt Ltd. (ITAT Delhi) The assessee is without doubt a Developer of a SEZ, having been in fact allowed deduction u/s.80-IAB on it’s other income/s, as from service agreements, chargeable u/s. 28. That the said income is assessable as business income, and only rightly so, inas...

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VAT Refunds – SEZ Units – Advantageous Judgement by Hon’ble HC Karnataka

Cerner Healthcare Solutions Pvt. Ltd. Vs. Additional Commissioner Of Commercial Taxes (Karnataka High Court) - The Hon’ble High Court concluded that order passed by JCCT Appeals cannot be said erroneous. Also concluded that the position adopted by ADC is not in line with KVAT Laws  where the order passed by ADC was based on assumption that the benefit of refund of tax paid on purchase of Inputs can be gra...

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AAR cannot explain Document required for supply to SEZ units

In re Garuda Power Pvt Ltd (GST AAR West bengal) - In re Garuda Power Pvt Ltd (GST AAR West bengal) What document is required for the supply of goods or services to SEZ units? An Advance ruling can be sought on the issues specified in section 97(2) of the GST Act. The issue raised above does not fall within the ambit of any of the […]...

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Entry Tax: After Granting Exemption same can’t be rejected for Technicalities

SRF Ltd. Vs State of Madhya Pradesh And Others (Madhya Pradesh High Court) - The issue under consideration is whether the petitioner is eligible for exemption from payment of entry tax based on certificates granted under Madhya Pradesh Udyog Nivesh Samvardhan Sahayta Yojna?...

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Special Economic Zones (Amendment) Rules, 2022

Notification No. G.S.R. 288(E). - (08/04/2022) - In case of gems and jewellery unit, the semi-finished goods, precious metals and any other raw material (excluding diamonds or precious and semi-precious stones or lab grown diamonds) taken outside the Special Economic Zone for sub-contracting of studding by the unit shall be brought back into the u...

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Revised user charges for SEZ-Online services effective from 15.11.2021

Circulars No. K-43014(22)/32/2020-SEZ - (02/12/2021) - Revised user charges for SEZ-Online services will be as under and would be effective from 15.11.2021 No. K-43014(22)/32/2020-SEZ Government of India Ministry of Commerce & Industry Department of Commerce SEZ Division *** Udyog Bhawan New Delhi, Dated the 2nd December, 2021 CIRCULAR Department of...

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SEZ: Guidelines for change of name/shareholding pattern/constitution/Directors etc.

Instruction No. 109 - (18/10/2021) - Guidelines regarding reorganization including change of name, change of shareholding pattern, business transfer arrangements, court approved mergers and demergers, change of constitution, change of Directors, etc. of SEZ Developers / Co-developers as well as SEZ Units....

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Extension in last date of filing QPRs/APRs by SEZ units/EOUs/Developers

F. No. K-43022/7/2020-SEZ - (29/06/2021) - The Department of Commerce under SEZ Division issued Circular vide No. K-43022/7/2020-SEZ dated June 29, 2021 for extension in the last date of filing QPRs/APRs by SEZ units/EOUs/Developers upto December 31, 2021 No. K-43022/7/2020-SEZ Government of India Ministry of Commerce & Industry Departme...

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Relaxations to SEZs for pending compliances till 30.06.2021

(01/01/1970) - Ministry of Commerce and Industries  notifies relaxations in Pending compliances, expiry of validity of LoAs, approvals or permissions till 30.06.2021. In view of the prevailing situation of the COVID-19 pandemic and partial lock-down imposed by the State Governments, most government offices are ei...

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SEZ’s Popular Posts

Recent Posts in "SEZ"

Supply By/To Special Economic Zone (SEZ) Unit – An overview

The Special Economic Zone commonly known as SEZ. Before discussing the supply by or to SEZ, first let us try to understand what this Special Economic Zone is. The Government of India enacted the Special Economic Zone Act, 2005 to boost exports, wherein special benefits are given to those who set up industries in the […]...

Read More

Refund for Zero Rated Supply to SEZ unit/Developer without GST payment

As per Section 16(1) of the IGST Act 2017, the Supplies to SEZ are treated as zero-rated supply thereby the supplier supplying goods or services cannot charge GST to SEZ....

Read More

Madras High Court- Allowed refund of unutilized ITC for zero-rated supplies effected by an SEZ unit

Hon’ble High court in the instant case held that there is no merit in the impugned order passed by the authorities denying the benefit of refund of unutilized input tax credit of zero rated supplies effected by the petitioner. Hence, the petition has been allowed together with consequential relief and above observations....

Read More

Recommencement of ‘work from office’ model by units established in SEZs

In the awake of spread of COVID-19 cases, almost all offices have opted for an unusual and untested way of ‘working from home’ and the units established in various Special Economic Zones (SEZ) were no exception to it....

Read More

Special Economic Zones (Amendment) Rules, 2022

Notification No. G.S.R. 288(E). 08/04/2022

In case of gems and jewellery unit, the semi-finished goods, precious metals and any other raw material (excluding diamonds or precious and semi-precious stones or lab grown diamonds) taken outside the Special Economic Zone for sub-contracting of studding by the unit shall be brought back into the unit within forty-five days...

Read More

Treatment of Transactions relating to SEZ under GST

What is a Special Economic Zone (SEZ)? Special Economic Zone means an area in the country that is subject to different economic regulations than other regions within the same Country. The Special Economic Zone economic regulations influence to be conductive to and attract FDI (Foreign Direct Investment). Foreign Direct Investment (FDI) re...

Read More

HC explains exemption from service tax to SEZ Developer or Unit to carry on authorised operations

GMR Aerospace Engineering Limited Vs Union of India (Telangana High Court)

GMR Aerospace Engineering Limited Vs Union of India (Telangana and Andhra Pradesh High Court) Hon’ble Telangana and Andhra Pradesh High Court in GMR AEROSPACE ENGINEERING LIMITED AND ANOTHER Vs. UNION OF INDIA AND OTHERS mentioned that as long as the services are used for authorized operations of the SEZ unit. the same should be e...

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New Legislation to Replace Special Economic Zones Act

The Special Economic Zones Act will be replaced with a new legislation that will enable the states to become partners in Development of Enterprise and Service Hubs said the Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, while presenting the Union Budget for 2022-23...

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Data Service procurement Form (DSPF) – SEZ Compliance for Service exemptions

Article explains Interplay between SEZ Act and GST Act in respect of DTA Procurements, Background about Service procurements eligible for IGST Exemption, Introduction of Online functionality of DTA service procurement Form (DSPF), Applicability of DSPF, Periodicity of DSPF, Key Feature of this DSPF Form, Approval of DSPF, Email Alerts on ...

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Revised user charges for SEZ-Online services effective from 15.11.2021

Circulars No. K-43014(22)/32/2020-SEZ 02/12/2021

Revised user charges for SEZ-Online services will be as under and would be effective from 15.11.2021 No. K-43014(22)/32/2020-SEZ Government of India Ministry of Commerce & Industry Department of Commerce SEZ Division *** Udyog Bhawan New Delhi, Dated the 2nd December, 2021 CIRCULAR Department of Commerce (DoC) had received various req...

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