In case of exports and supplies to SEZS, no tax is payable. In these cases on the inputs used:

CS Executive · Tax Laws · PYQS · June 2022
In case of exports and supplies to SEZS, no tax is payable. In these cases on the inputs used:
(A) ITC is allowed
(B) ITC is not allowed
(C) ITC is allowed provided the export results into inflow of foreign currency
(D) ITC @ 50% is allowed up to inflow of foreign currency and amount from SEZS

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: GST

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