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GST - Highlights / Catch Notes

Home Highlights October 2017 Year 2017 This

Export of goods to Nepal or Bhutan or SEZ developer or SEZ unit ...

GST

October 5, 2017

Export of goods to Nepal or Bhutan or SEZ developer or SEZ unit will be permissible irrespective of whether the payments are made in Indian currency or convertible foreign exchange as long as they are in accordance with the applicable RBI guidelines

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  1. Entry in relation to exemption of IGST on supply of services having place of supply in Nepal or Bhutan, against payment in Indian Rupees deleted.

  2. Full Exemption allowed in respect of IGST on supply of services to Nepal and Bhutan against payment in INR (Indian Rupees)

  3. Individuals can Now Carry Indian Currency in ₹ 500 and ₹ 1,000 Denominations to Nepal and Bhutan

  4. Levy of GST - supply of goods or services to SEZ unit or SEZ developer - IGST Act - Whether or not the supply of goods and on-site services to customers in SEZ area to...

  5. Government allowed export benefit to Bhutan in Indian Currency under Central Excise Law.

  6. Goods supplied to SEZ - Whether goods supplies to SEZ Developers without payment of duty are to be treated as “exempted goods” under Rule 2(d) of the CCR, 2004 - Held No - AT

  7. Levy of GST - food supplied to SEZ area to employees of company - employees can neither be treated as SEZ developer nor as SEZ unit - Benefit of Zero rated supply not available.

  8. Clarification on execution of Bond Undertaking by the SEZ Developer or SEZ Unit in terms of rule 22(1 )(iv) of the SEZ Rules, 2006.

  9. Payment of Customs duty on export of goods. - Supplying goods, or providing services, from Domestic Tariff Area to a SEZ Unit - Order-Instruction

  10. GST – 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.

 

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