GIFT City: Difference between revisions

GIFT City (edit)

785 bytes added , 5 December 2022

Anonymous user

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 |Exemption from STT, CTT, stamp duty in respect of transactions carried out on IFSC exchanges
 |}
+=== Tax incentives available to SEZ Units other than IFSC units ===
+* Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units
+* Exemption from customs duty for all goods imported in the SEZ used for authorized operations
+* Supply of goods or services from Domestic Tariff Area (DTA) to a unit located in SEZ Unit is regarded as a zero-rated supply (irrespective of the currency in which payment is being made).
+* Goods and Services supplied to SEZ regarded as export for customs purpose
+* Goods and Service Tax (GST)
+* Supplies to SEZ are Zero Rated under IGST Act, 2017
+* No GST on services,
+** Received by unit in SEZ/IFSC
+** Provided by SEZ/IFSC units to offshore clients
+* Single window clearance for Central and State level approvals
 ==== State Subsidies as per the IT & ITeS Policy ====
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 |}
 <nowiki>*</nowiki>The above incentives provided by the Government of Gujrat are applicable to IFSC and GIFT SEZ Units.
 ==References==
 {{reflist}}