CBIC Issues Notification to Allow Supplies Made to SEZ Units/Developers on Payment of IGST
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- Last Updated on 28 October, 2023
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Notification No. 05/2023 –Integrated Tax dated October 26th, 2023
The CBIC has issued a notification to provide that now suppliers can make supply of goods & services on payment of IGST option to SEZ units/developers as well. Earlier, the Government has notified goods and services which can be exported with payment of IGST except supply of Tobacco, Pan Masala, and other similar products where refund will only be available through the Bond/Letter of Undertaking (LUT) route. Also, the notification didn’t cover supplies made to SEZ units and developers.
Now, it has been notified that all the goods and services, except for the specified tobacco and similar products, can continue to be supplied to SEZ units or Developer either with or without payment of IGST. However, for the specified products, the option to supply with payment of tax and claim IGST refund has been withdrawn.
Click Here To Read The Full Notification
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