SEZ Rules to be Changed to align with GST laws
The centre will come out with amendments to Special Economic Zones (SEZ) Rules, 2006 synchronised with Goods and Services Tax (GST) laws by end of this month, a top official in the Union Ministry of Commerce and Industry said.
He was speaking at an ASSOCHAM International SEZ Investment Summit held in New Delhi today.
“We have been working for a few months on the amendment of SEZ Rules, 2006 to synchronise it with the GST laws, this is under active consideration of the government,” said Bidyut Behari Swain, additional secretary in Department of Commerce.
“With due consultation process with Department of Revenue, I am glad to tell you that this fairly elaborate amendments of the rules is likely to come out now by the end of this month, it is almost at the final stage and we shall be issuing it,” added Swain.
He also informed that the commerce ministry has created a group of eminent persons to develop a roadmap for future of SEZs to have a very fresh look at it and come up with ideas which could be quite important for policy making process.
Pranab Kumar Das, special secretary and member customs, Central Board of Indirect Taxes and Customs (CBIC) said that CBIC will get in touch with the commerce ministry to explore possibility of connecting SEZ online with NIDB (National Import Database) for better uniformity and transparency in operations.
Study material on supplies to Special Economic Zones
GST Circulars for SEZ
Services of short term accommodation, conferencing, banqueting etc., provided to a SEZ developer or a SEZ unit shall be treated as an inter-State supply. Circular No 48/22/2018 GST issued on 14.06.2018
If event management services, hotel, accommodation services, consumables etc. are received by a SEZ developer or a SEZ unit for authorised operations, as endorsed by the specified officer of the Zone, the benefit of zero rated supply shall be available in such cases to the supplier. : Circular No 48/22/2018 GST issued on 14.06.2018