Dated: 1-2-2021
Budget 2021-22 + FINANCE Bill, 2021
AMENDMENTS IN THE IGST ACT, 2017
S. No.
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Amendment
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Clause of the Finance Bill, 2021
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1.
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Section 16 of the IGST Act is being amended so as to:
(i) zero rate the supply of goods or services to a Special Economic Zone developer or a Special Economic Zone unit only when the said supply is for authorised operations;
(ii) restrict the zero-rated supply on payment of integrated tax only to a notified class of taxpayers or notified supplies of goods or services; and
(iii) link the foreign exchange remittance in case of export of goods with refund.
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[114]
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Full Text:
Budget 2021-22 + FINANCE Bill, 2021