Section 2(19)/ 2(20) of IGST Act: Meaning of “SEZ and SEZ Developer”

Section 2(19)/ 2(20) of IGST Act: Meaning of “SEZ and SEZ Developer”

As per Section 2(19) and 2(20) of the Integrated Goods and Services Tax (IGST) Act, 2017, unless the context otherwise requires, the terms “Special Economic Zone (SEZ)” and “Special Economic Zone (SEZ) Developer” have been defined, as under:

Section 2(19) of IGST Act: Definition of “Special Economic Zone” (CHAPTER I – PRELIMINARY)

“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).

Section 2(20) of IGST Act: Definition of “Special Economic Zone Developer” (CHAPTER I – PRELIMINARY)

“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. Further, CBIC has separately notified the commencement date of provisions of various Sections of the IGST (Amendment) Act 2018 vide Notification No. 1/2019 Integrated Tax dt. 29 Jan. 2019 , except for sections where the date of commencement different from 1 Feb. 2019 and has specifically been mentioned in the IGST Amendment Act, 2018 itself.

Related Posts:

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

Section 2 of IGST Act, 2017: Definitions

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