CBIC allows IGST Refund for Export of Specified Goods/Services to Developers or SEZ Units undertaking authorized Operations [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) has issued a gazette notification allowing Integrated Goods and Services Tax (IGST) refund for export of specified services and goods to developers or Special Economic Zone (SEZ) units undertaking authorized operations.

The gazette notification stated: –

“In the said notification, for the portion commencing with the words “all goods or services” and ending with  the words “the refund of tax so paid:”, the following shall be substituted and shall be deemed to have been substituted with effect from the 1st day of October, 2023, namely:—

“(i) all goods or services (except the goods specified in column (3) of the TABLE below) as the class of goods or services which may be exported on payment of integrated tax and on which the supplier of such goods or services may claim the refund of tax so paid; and

(ii) all suppliers to a Developer or a unit in Special Economic Zone undertaking authorized operations as the class of persons who may make supply of goods or services (except the goods specified in column (3) of the TABLE to such Developer or a unit in Special Economic Zone for authorized operations on payment of integrated tax and on which the said suppliers may claim the refund of tax so paid.”

The notification also issued an explanation for the terms given below: —

For the purpose of this clause:—

(i) the term “authorized operations” shall have the same meaning as defined in clause (c) of Section 2 of the Special Economic Zone Act, 2005 (28 of 2005),

(ii) the term “Developer” shall have the same meaning as defined in clause (g) of Section 2 of the Special Economic Zone Act, 2005 (28 of 2005),

(iii) the term “Special Economic Zone” shall have the same meaning as defined in clause (za) of Section 2 of the Special Economic Zone Act, 2005 (28 of 2005),

(iv) the term “unit” shall have the same meaning as defined in clause (zc) of Section 2 of the Special Economic Zone Act, 2005 (28 of 2005).”

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