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CBIC extends exemption benefit of IGST and compensation cess to Export Oriented Units (EOU) on imports till April 01, 2022

March 31, 2021

The Central Board of Indirect Taxes and Customs has extended the basic customs duty and integrated goods and service tax exemptions for export oriented units, by a year till March 31, 2022. The Board also made it mandatory for a GST taxpayer having turnover of more than Rs 5 crore in the preceding financial year,to furnish 6 digits HSN Code on invoices issued for supplies. Please refer to the notification here.