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What tax benefits will be available to EOU scheme in GST regime?

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What tax benefits will be available to EOU scheme in GST regime?
posted Oct 24, 2017 by Anita Yadav

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The duty free imports under GST regime will be restricted to Basic Customs Duty. Exemption from the additional duties of Customs, if any, under section 3(1), 3(3) and 3(5) of the Customs Tariff Act, 1975 and exemption from Central Excise duty will be available for goods specified under the fourth Schedule to the Central Excise Act. IGST or CGST plus SGST will be payable by the suppliers who make supplies to the EOU. The EOU will be eligible, like any other registered person, to take Input Tax Credit of the said GST
paid by its suppliers.

answer Oct 25, 2017 by Nway Nadar
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