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    Overall Taxation Impact On Business Viz Sez

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    Shashank Varma
    The document summarizes the major tax incentives and facilities available to businesses operating in Special Economic Zones (SEZs) in India. Units located in SEZs receive benefits like duty free imports, income tax exemptions for export income for 10 years, and exemptions from minimum alternate tax, central sales tax, and service tax. SEZ developers also receive incentives like income tax exemptions, exemption from minimum alternate tax, and exemptions from customs duties and central sales tax. The aim is to attract foreign investment and boost exports by making SEZs in India globally competitive.

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    Overall Taxation Impact On Business Viz Sez

    Uploaded by

    Shashank Varma
    16 views6 pages
    The document summarizes the major tax incentives and facilities available to businesses operating in Special Economic Zones (SEZs) in India. Units located in SEZs receive benefits like duty free imports, income tax exemptions for export income for 10 years, and exemptions from minimum alternate tax, central sales tax, and service tax. SEZ developers also receive incentives like income tax exemptions, exemption from minimum alternate tax, and exemptions from customs duties and central sales tax. The aim is to attract foreign investment and boost exports by making SEZs in India globally competitive.

    Original Description:

    IMPACT OF VAT

    Original Title

    Vat IND

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    The document summarizes the major tax incentives and facilities available to businesses operating in Special Economic Zones (SEZs) in India. Units located in SEZs receive benefits like duty free imports, income tax exemptions for export income for 10 years, and exemptions from minimum alternate tax, central sales tax, and service tax. SEZ developers also receive incentives like income tax exemptions, exemption from minimum alternate tax, and exemptions from customs duties and central sales tax. The aim is to attract foreign investment and boost exports by making SEZs in India globally competitive.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    16 views6 pages

    Overall Taxation Impact On Business Viz Sez

    Uploaded by

    Shashank Varma
    The document summarizes the major tax incentives and facilities available to businesses operating in Special Economic Zones (SEZs) in India. Units located in SEZs receive benefits like duty free imports, income tax exemptions for export income for 10 years, and exemptions from minimum alternate tax, central sales tax, and service tax. SEZ developers also receive incentives like income tax exemptions, exemption from minimum alternate tax, and exemptions from customs duties and central sales tax. The aim is to attract foreign investment and boost exports by making SEZs in India globally competitive.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 6

    OVERALL

    TAXATION
    IMPACT ON
    BUSINESS viz
    SEZ.

    The incentives and facilities offered to the units in


    SEZs for attracting investments into the SEZs,
    including foreign investment include:1.

    Duty free import/domestic procurement of goods for development,


    operation and maintenance of SEZ units.

    2.

    100% Income Tax exemption on export income for SEZ units under
    Section 10AA of the Income Tax Act for first 5 years, 50% for next 5
    years thereafter and 50% of the ploughed back export profit for next 5
    years.

    3.

    Exemption from minimum alternate tax under section 115JB of the


    Income Tax Act.

    4.

    External commercial borrowing by SEZ units upto US $ 500 million in a


    year without any maturity restriction through recognized banking
    channels.

    5.

    Exemption from Central Sales Tax.

    6.

    Exemption from Service Tax.


    Source : sezindia

    The major incentives and facilities available to SEZ


    developers include:1.

    Exemption from customs/excise duties for development of SEZs for


    authorized operations approved by the BOA.

    2.

    Income Tax exemption on income derived from the business of


    development of the SEZ in a block of 10 years in 15 years under
    Section 80-IAB of the Income Tax Act.

    3.

    Exemption from minimum alternate tax under Section 115 JB of the


    Income Tax Act.

    4.

    Exemption from dividend distribution tax under Section 115O of the


    Income Tax Act.

    5.

    Exemption from Central Sales Tax (CST).

    6.

    Exemption from Service Tax (Section 7, 26 and Second Schedule of


    the SEZ Act).

    7.

    100% VAT rebates on exported India sourced components.


    Source : sezindia & India

    FOR DEVELOPERS IN
    SEZ

    BENEFITS TO
    EXPORTERS

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