IS VAT is exempted or refundable to SEZ Developer in Maharashtra on their procurment ? if so please guide us with procedure of same and related circulars for same.
Vat exempted - Sez developer
DINESH MORE
VAT exemption for SEZ developers: entitlement and refundability depend on Maharashtra VAT rules; consult local VAT documents. Whether Value Added Tax is exempt or refundable for a Special Economic Zone developer on procurements in Maharashtra is queried, and the only substantive direction advises consulting Maharashtra VAT documents or qualified local VAT consultants for guidance on entitlement and procedures. (AI Summary)
TaxTMI