The government has approved setting up of six special economic zones (SEZs), including three bio-technology zones. It also cleared seven requests for grant of co-developer status. Developers that got the green signal for their zones include Shantha Biotechnics, Indus Gene Expressions and Suchirindia Infrastructure for setting up bio-tech zones in Andhra Pradesh, Cochin International Airport for setting up a air-port based SEZ in Kerala, Lanco Solar for a solar SEZ in Chattisgarh and Sterlite for setting up a zone in Tamil Nadu. A total of 574 proposals have been approved for setting up of SEZs so far of which 353 have been notified.
Refund is an integral part of Goods and Service Tax law since it is the government reimbursement of taxes to a taxpayer. Thus, the taxpayer as well as the refund authorities have to be fully ac More
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