Ammendments for Zero Rated Supply

Earlier Zero rated supply includes supply made to SEZs. But after Budget session there has been ammendments for zero rated Supplies
• Zero rated supplies made to special economic zone restricted to supplies made for  authorised operations . 
• Only notified class of taxpayers or notified  
class of goods or services eligible for zero- 
rated supplies on payment of integrated tax  
• Non-realisation of sale proceeds within  
prescribed time limits under Foreign  
Exchange Management Act, 1999 (FEMA) for  
export of goods to entail return of refund  
amount along-with applicable interest 
Retrospective amendments (1 July  
2017) . 

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