Export zero rating made default under GST, with FEMA timing and SEZ use conditions altering refund and compliance rights.
Exports are now defaulted to zero-rated supplies with statutory FEMA aligned proceeds timing; supplies to SEZs are zero rated only if used for authorized SEZ operations and government may notify classes permitted to export with tax and claim refund. E commerce rules permit composition taxpayers to sell through ECOs, impose ECO reporting and penal duties, and create registration exemptions for small online sellers subject to intra state and enrolment constraints. ITC reversals for warehoused goods and CSR expenditure denial, three year return time bars, expanded non filer curing windows, refund interest computation rules, consent based data sharing, and removal of reverse charge on ocean freight are also enacted. (AI Summary)