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Update - Extension of upfront exemption from IGST for Export Oriented Units till March 31, 2022
Update - Extension of upfront exemption from IGST for Export Oriented Units till March 31, 2022

March 31, 2021

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Central Board of Indirect Taxes and Customs (CBIC) issued Notification no. 19/2021- Customs dated March 30, 2021 extending the benefit of upfront exemption from Integrated GST and cess for Export Oriented Units (EOUs) for a period of 1 year, i.e, till March 31, 2022.

As you are aware, NASSCOM has been pursuing this demand with the GST Policy Wing to consider extension of this benefit and made a representation  on March 19, 2021. Our representation can be accessed from the link provided here This move will provide a huge relief to the industry as these companies have huge investments by way of capital expenditure.

Copy of the notification is attached for your reference.

Do contact us for any clarification or further discussion.


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