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...
Goods and Services Tax : Learn how to file your GSTR-9 annual return, including details of supplies, ITC, taxes paid, and adjustments for FY 2024-25....
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 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 ...
Service Tax : The case addressed whether services like rent-a-cab, catering, and business support qualify as input services for SEZ refund claim...
Custom Duty : The Tribunal held that exemption cannot be denied based on a re-export condition imposed through a DGH certificate when such a req...
Service Tax : The issue involved denial of service tax refund on employee insurance services in an SEZ unit. The Tribunal held that such insuran...
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...
The government gave in-principle approval to DLF on Tuesday to withdraw four of its IT, ITES special economic zones, which the realty major did not want to build in the face of slowdown in the real estate business. However, the board of approval in the commerce ministry asked the DLF to return all the tax […]
NEW DELHI: The government has decided not to apply an area limit of 5,000 hectares for special economic zones (SEZs) if two or more such zones are merged, clearing the way for big SEZs in the country. In an amendment to the SEZ rules, the government has also allowed developers more freedom on selecting the […]
The three-year long wait of companies to avail full income tax benefits on export profits from their SEZ units will come to an end in two months. Official sources said the government has firmed up plans to bring changes in Section 10AA of the Income Tax Act in the forthcoming Union Budget to rectify an anomaly in the wording of the Section that adversely affected SEZ units.
Circular No. 114/08/2009-ST Dated: May 20, 2009. F.No.354/163/2006-TRU Government of India, Ministry of Finance, Department of Revenue, (Tax Research Unit),Room No.153, North Block, New Delhi, Subject: Refund of service tax paid on taxable services taxable services which are provided in relation to the authorised operations in a Special Economic Zone – Reg. Notification No.9/2009-Service Tax, dated 3.3.2009 was issued to provide refund of […]
Through Notification No. 9/2009 – ST dated March 3, 2009, the Central Government had provided for an exemption from service tax by way of refund in respect of taxable services in relation to authorized operations that are received by a developer of or a unit in a Special Economic Zone (SEZ). The same has now been amended by a Notification1 (‘subject Notification’) to restore the exemption in respect of services consumed within the SEZ, without following the refund route.
Developers of special economic zones (SEZ) and units operating in them will have to wait until a new government is formed to get a keenly-awaited exemption on service tax payments for services availed inside the zones. The Election Commission (EC) has refused to allow the finance ministry to pass a notification allowing the exemption while elections are on because it could result in direct benefits […]
The government is likely to exempt the services provided inside the Special Economic Zones from service tax, a move for which it is expected to seek approval from the Election Commission. Hitherto, service providers were paying taxes first and than claiming refunds, an issue on which the Commerce Ministry has written to the Ministry of Finance suggesting exemption from taxes.
The Central Government has issued a Notification („subject Notification?) granting exemption from service tax in respect of the taxable services which are provided in relation to the authorized operations in a Special Economic Zone (SEZ) and are received by a developer or a unit of an SEZ. This Notification supercedes the earlier exemption granted in […]
The I-T search was conducted simultaneously at Jain’s residence at Sterling Apartments and Jai Corp.’s corporate office at Embassy Centre, Nariman Point, as well as its office at the Navi Mumbai SEZ The investigation wing of the income tax (I-T) department in Mumbai on Thursday searched the offices and residence of Anand Jain, chairman of […]
It’s a move that is bound to raise the hackles of the special economic zones (SEZ) lobby. On Tuesday, the Finance Ministry came out with a new notification on the levy of service tax for SEZ developers and units. As per the new norms, SEZ developers and units will get an exemption on service tax. […]
