Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)
 Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose
 Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More
 Government proposes to ease tax relief conditions for offshore funds
 TallyPrime Connected Banking: Automating Banking and Accounting
 ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update
 ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide
 Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers
 Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It
 ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes
 Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs

No tax 'relief' in non-processing zones of SEZs'
May, 07th 2007

In a major move that will have revenue implications for Special Economic Zones, states said they are not going to exempt non-processing areas in these zones from state taxes.

"Empowered Committee of state finance ministers on VAT unanimously feel that in non-processing zones of SEZs, no one should impose on states anything relating to states tax exemptions," VAT panel Chairman Asim Dasgupta told reporters.
 
"In other words, we are against any state tax exemption in any non-processing part of SEZs," he said after the VAT panel meeting.

When asked that many states have come out with SEZ policy giving exemptions on overall SEZs, he said, "What happened has happened. We are now of view that non-processing zones of SEZs, no one should impose on states that they have to give tax exemptions," he said.

The Union Commerce Ministry has written to states to provide tax exemptions to SEZs, officials in the VAT meeting said.

When asked whether the view of states are in conformity with the Centre's SEZ Act, Dasgupta said," Yes, it is, but if it is not, we are communicating our views to the Centre because it is unanimous views of all states." A union finance ministry official also said the views of states are in line with the SEZ Act.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting