Section 2(19) of IGST Act: Meaning of “SEZ and SEZ Developer”

Definition of the terms “SEZ and SEZ Developer” under the Integrated Goods and Services Tax (IGST) Act, 2017

As per Section 2(19) of the Integrated Goods and Services Tax (IGST) Act, 2017, unless the context otherwise requires, the term “Special Economic Zone” shall have the same meaning as assigned to it in clause (za) of section 2 of the Special Economic Zones Act, 2005 (28 of 2005).

Further, as per Section 2(20) of the Integrated Goods and Services Tax (IGST) Act, 2017, unless the context otherwise requires, the term “Special Economic Zone developer” shall have the same meaning as assigned to it in clause (g) of section 2 of the Special Economic Zones Act, 2005 (28 of 2005) and includes an Authority as defined in clause (d) and a Co-Developer as defined in clause (f) of section 2 of the said Act.

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The Integrated Goods and Services Tax (IGST) Act, 2017 was notified by Govt. on 12 April, 2017 and CBIC has notified the commencement date for various Sections/ Provisions thereof from time to time. Subsequently, Govt. has notified the Integrated Goods and Services Tax (IGST) (Amendment) Act, 2018 on 30 Aug. 2018. However, commencement date of amended provisions of various Sections is to be separately notified by CBIC, except where specifically mentioned in the IGST Amendment Act, 2018 itself.

Related Posts:

Integrated Goods and Services Tax (IGST) Act, 2017 (Section-wise/ Chapter-wise)

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