Goods and Services Tax : Learn how amendments to Section 16 of IGST Act affect zero-rated supplies to SEZ units for authorized operations. Ensure complianc...
Goods and Services Tax : Learn how to correctly file Form GSTR-9, covering all six parts and 19 tables. Understand basic details, supplies, ITC, tax paymen...
Goods and Services Tax : Understand the significance of e-invoicing, its implementation, prerequisites, and FAQs. Learn how to generate e-invoices, its ben...
Goods and Services Tax : Delve into the significance of SEZ endorsement under GST laws, ensuring compliance with authorized operations and eligibility for ...
Goods and Services Tax : Discover the crucial tax compliances taxpayers must remember before 31st March 2024, covering income tax and GST perspectives, ens...
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...
Corporate Law : 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. ...
Corporate Law : Department of Commerce decided to provide relaxations on compliances to be met by units / developers / co‐developers of Special ...
Custom Duty : Learn about P I Industries Ltd's appeal against customs duty demand for goods lost in a fire at their SEZ unit. Detailed analysis ...
Service Tax : In Roop Telesonic Ultrasonix Limited vs Commissioner of Customs (CESTAT Ahmedabad), SEZ service tax refund upheld despite procedur...
Income Tax : Read the detailed analysis of Madras High Court's decision quashing an audit order due to non-consideration of petitioner's reply....
Goods and Services Tax : Read full text of judgment/order by Madras High Court setting aside GST DRC-07 Order against Hitachi Systems due to lack of docume...
Income Tax : Pinkcity Jewelhouse Pvt. Ltd. Vs PCIT (ITAT Jaipur) ITAT Quashes Section 263 proceeding which were merely based on audit objection...
Custom Duty : Understand the latest SEZ Division clarification for Non-IT/ITES SEZ Units effective from July 1, 2024. Learn about ICEGATE, RODTE...
Corporate Law : Discover the new guidelines for SEZ Developers on procuring and installing solar panels to provide power supply in common areas of...
Corporate Law : Discover the latest changes in the Special Economic Zones (Fourth Amendment) Rules, 2024. Stay informed on reconditioning, repair,...
DGFT : Explore DGFT Notification No. 71/2023, enabling import provisions for Advance Authorisation, EOU, and SEZ without Quality Control ...
DGFT : Governments latest memo explores covering SEZs and EOUs under RoDTEP Scheme. Learn about the implications and updates from the Min...
Tax planning while setting up of a business with reference to location (2021-2022 A.Y, A.Y 2022-2023 , A.Y 2023-2024 and A.Y 2024-2025)
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.
These rules may be called the Special Economic Zones (Second Amendment) Rules, 2023. (2) They shall come into force on the date of their publication in the Official Gazette.
SEZs are defined zones inside a country that are subject to different economic rules and laws than the rest of the country. These zones are often established to encourage foreign investment and economic progress.
SEZs have come to be an important tool for encouraging the development and growth of the economy in India. SEZs are geographically defined territories that function as self-contained economies with distinct tax and regulatory rules.
Within SEZs, a segmented labour market has emerged because of the exemption from labour rules. Worker exploitation and the degradation of rights may result from SEZ workers being subject to different labour rules and regulations than those outside the zone.
Madras High Court held that export of goods is not a condition precedent or sine qua non to qualify as a Zero Rate sale as long as the sale falls within clause(ii) of Section 18 (1) of the Tamil Nadu Value Added Tax, 2006 (TNVAT).
SE Forge Limited Vs Union of India (Gujarat High Court) The Gujarat High Court in M/S SE Forge Limited Vs. Union of India [Special Application No.16056 of 2022 decided on 03.02.2023] held that a SEZ Unit, is entitled to claim the refund of IGST credit lying unutilized in the Electronic Credit Ledger. FACTS M/S SE […]
Lupin Limited Vs Commissioner of Central Goods & Service Tax & Central Excise (CESTAT Delhi) CESTAT Delhi held that general principles of interpretation of the exemption notification that it has to be construed strictly shall not really apply to the SEZ units which are otherwise exempted from the liability of the various duties under the […]
Learn the step-by-step process of setting up an International Financial Services Centre (IFSC) Unit in GIFT SEZ. Understand the required documentation, approvals, and compliance for establishing your entity in the Special Economic Zone.
