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"
- FM Sitharaman Confirms GST Rate Cut Implementation on September 22, 2025
- Government Reduces GST Across Sectors, Prices to Drop from September 22, Boosting Consumer Demand
- GST Council Proposes Major Tax Reforms: Simplified Rates, Exemptions, and Reductions
- India’s GST Council Recommends Tax Exemptions, Simplified Structure, and Rate Reductions Effective September 22
- Nirmala Sitharaman Explains GST Reforms Using Popcorn Example to Highlight Classification Challenges