I am working in SEZ. As per present draft GST, will SEZ Developer go for refund because developer does not have export. Please clarify.
Refund available for SEZ Developer
Velayutham Panchatcharam
Can Special Economic Zone Developers Claim GST Refunds? Legislative Changes Needed for SEZ and GST Law Alignment. A discussion on a forum revolved around whether a Special Economic Zone (SEZ) developer can claim a refund under the draft Goods and Services Tax (GST) framework, given that SEZ developers do not engage in exports. Responses indicated that current GST provisions are not finalized, and legislative changes might be necessary to align the SEZ Act with GST laws, specifically regarding exemptions and definitions of exports. The GST Council and relevant ministries are addressing these concerns, with further discussions anticipated. Participants highlighted the need for collaboration between trade and government to integrate beneficial provisions into GST laws. (AI Summary)
TaxTMI
TaxTMI