Special Economic Zone (SEZ) is considered separate from the other areas in the country. It refers to areas where the economic regulations are different from the rest of the country. SEZs differ from other areas as they have simpler tax regimes and comparatively easier compliance rules to follow. Conducting business with an SEZ comes with benefits when compared to conducting business in other areas.
Source: tallysolutions.com
Latest Posts in "India"
- GST on Hotel Rooms ≤ Rs 7,500: 5% Rate, No ITC for Hotels or Business Travellers
- GSTN Releases Key FAQs on GSTR 9/9C Filing for Financial Year 2024-25
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
