I Just want to know what will be GST provision for Excise Exempted Area ( Notified Area) of Uttrakhand Under Notification No. 50/2003 C.E. Whether there will be refund procedure like J & K .
28 May 2017
Currently there is no area based exemption in GST. The senior officials of Govt have recently stated that they are developing a mechanism to allow refund of CGST to the assessees who are currently availing area based exemption. However they have clarified that they will only provide refund of CGST and as regards SGST states will have to formulate their own policy.
CAclubindia
