Clarifications on GST Issues under Circular No. 48/22/2018-GST
<p><span>The Government of India has issued clarifications on several issues under the GST laws. The key highlights from Circular No. 48/22/2018-GST are as follows:</span></p><ol start="1"><li><span><strong>Inter-State vs. Intra-State Supply for SEZ</strong>:</span><ul><li><span>Services of short-term accommodation, conferencing, banqueting, etc., provided to a Special Economic Zone (SEZ) developer or a SEZ unit are treated as inter-State supplies as per Section 7(5)(b) of the IGST Act, 2017.</span></li></ul></li><li><span><strong>Zero Rated Supply for SEZ</strong>:</span><ul><li><span>The benefit of zero rated supply is available to SEZ developers or SEZ units for services like event management, hotel accommodation, and consumables if received for authorized operations, as endorsed by the specified officer of the Zone.</span></li></ul></li><li><span><strong>Refund of Unutilized ITC for Fabric Processors</strong>:</span><ul><li><span>Independent fabric processors (job workers) in the textile sector supplying job work services are eligible for a refund of unutilized input tax credit on account of the inverted duty structure under Section 54(3) of the CGST Act, 2017, even if the goods (fabrics) supplied are covered under Notification No. 5/2017-Central Tax (Rate) dated 28.06.2017.</span> <a href="https://cms.plasament.com/storage/circular-48-22-2018-gst.pdf">Circular_48-22-2018-GST</a><br> </li></ul></li></ol>