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Apr 24, 2024
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SEZ units exempt from IGST on certain services from DTA players: AAR ruling
Units operating within special economic zones (SEZs) could potentially be exempt from paying the integrated goods and services tax (IGST) on specified services taken from the domestic tariff area (DTA) through the reverse charge mechanism, if a ruling by the Gujarat-based Authority for Advance Rulings (AAR) sets a precedent.
To qualify for this exemption, these units will need to provide a letter of undertaking (LUT) or furnish a bond.
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