Corporate Law : Learn how GIFT City IFSC operates, the approval process, tax benefits, compliance obligations, and why only approved SEZ units rec...
Income Tax : Taxpayers must file Form 33 to claim SEZ deduction on profits. Proper reporting of reserve utilisation and asset purchase is essen...
CA, CS, CMA : Explains the Budget 2026 proposal allowing SEZ units to sell to DTA units at reduced duty and how it simplifies approvals while lo...
Corporate Law : SEZ clearances to the DTA attract customs duty on full value, including domestic addition. The takeaway is SEZs are disadvantaged ...
Goods and Services Tax : This explains why non-refundable tender fees qualify as taxable consideration under GST. It clarifies that access to a tender proc...
Corporate Law : India's government amends SEZ rules, reducing land requirements and easing norms to boost semiconductor and electronics component ...
Corporate Law : Learn about SEZ provisions for IFSC units, mandatory approvals, and the role of IFSCA Administrator under SEZ Act for unified regu...
Goods and Services Tax : GST portal updates, geocoding of principal place of business, user ID generation, registration cancellation, AATO enablement, annu...
Corporate Law : The Special Economic Zones Act will be replaced with a new legislation that will enable the states to become partners in Developme...
Income Tax : Ministry of Commerce & Industry 378 SEZs are presently notified, out of which 265 are operational Posted On: 10 MAR 2021 The S...
Service Tax : CESTAT Ahmedabad held that non-submission of Forms A-1 and A-2 is only a procedural lapse. It allowed the exemption as the service...
Service Tax : CESTAT Delhi held that the SEZ Act grants a statutory exemption overriding conditions in service tax notifications. It allowed the...
Service Tax : CESTAT Bangalore held that omission of input services from the SEZ Approved List was only a procedural lapse. It allowed the refun...
Service Tax : CESTAT Bangalore held that services rendered by a sub-contractor for authorized operations within an SEZ are eligible for exemptio...
Service Tax : The tribunal remanded the case after finding insufficient evidence to prove that refund and Cenvat credit were not claimed on the ...
Custom Duty : The notification grants customs duty relief to SEZ units clearing goods to DTA, provided production began before 31 March 2025. It...
Corporate Law : The Commerce Ministry revised SEZ-Online user charges after migration of transactions to ICEGATE reduced operational viability. Ne...
Corporate Law : The issue concerned regulatory handling of restructuring in IFSC units. The instruction clarifies that IFSCA will intimate SEZ aut...
Corporate Law : Instruction 121 from the SEZ Division details the process for IT/ITES SEZ developers to convert demarcated Non-Processing Area (NP...
Corporate Law : India's Commerce Ministry clarifies that SOFTEX form filing isn't mandatory for service exports between SEZ units or from a DTA un...
Understanding the impact of GST and SEZ on credits and refunds. Learn how SEZs enjoy fiscal benefits under the GST Act in India.
Explore the intricacies of Supply By/To Special Economic Zone (SEZ) Units under the SEZ Act, 2005. Learn about the benefits, documentation, and GST implications for seamless operations within SEZs. Stay compliant and unlock the potential of your business.
LoA of the Plastic Recycling units in SEZs and EOUs may be extended for 5 years by the Board of Approval subject to fulfillment of other conditions/norms. Other conditions of the Policy Guidelines dated 27.05.2021 in respect of Plastic recycling units will remain unchanged.
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.
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.
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
Learn about the treatment of transactions relating to SEZ under GST. Explore the economic advantages, tax incentives, and foreign direct investment opportunities.
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 exempted from the […]
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
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 approval of transaction and Practical […]
