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What is the treatment of supplies made from erstwhile tax free zones?

QuestionsCategory: GSTWhat is the treatment of supplies made from erstwhile tax free zones?
NidhiJain Staff asked 2 months ago

What is the treatment of supplies made from erstwhile tax free zones?

 

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1 Answers
RyanJain Staff answered 2 months ago

Since GST is a destination based consumption tax with seamless transfer of ITC credit, no exemptions are accorded to supplies made by erstwhile tax free zones. Accordingly, the goods cleared from erstwhile tax free zones would be subjected to GST from the appointed day (01st July, 2017).

 

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