13 October 2011
Is there any input tax exemption or refund available for purchases made by SEZ from suppliers in Domestic Tariff Area, under Maharashtra VAT?
There is no specific provision available regarding this in the Maharashtra VAT Act where as under Section 51, list of persons eligible for refund is provided which has a mention of SEZ units (Units mentioned u/s 8(3)).
When all other states have a provision in their VAT act for exemption to SEZ units, just wanted to know whether there is any such exemption available under MVAT also..
CAclubindia
