27.10.2023: CBIC issues notification to allow IGST refund to the suppliers making supplies to SEZ Developer or SEZ Unit for authorised operations

The CBIC has issued Notification No. 05/2023-Integrated Tax dated 26.10.2023, to give to the recommendation of the 52nd GST Council Meet held on 7th October, 2023, regarding allowing the suppliers to claim refunds of IGST paid on supplies made to SEZ Developer or SEZ Unit for authorised operations. 

The Amendment is made in the principal Notification 01/2023-Integrated Tax dated July 31, 2023, so as to allow suppliers to claim refund of IGST paid on supplies of goods or services (except commodities like pan masala, tobacco, guthka etc.) for authorised operations to a Special Economic Zone developer or Special Economic Zone Unit.

The Notification shall be deemed to be effective w.e.f. 01.10.2023

The Notification can be accessed at https://taxo.online/wp-content/uploads/2023/10/05-2023-IT-Eng.pdf

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