GST draft legislation (November 2016) provides for option to certain category of dealers and manufacturers with Annual Turnover of less than Rs.50 lakhs. The tax rate proposed is not less than two and a half percent in case of a manufacturer and one percent in any other case, of the turnover in a State during the year.
Section 3(6) of the IGST Act provides that Supply of goods and/ or services to or by a SEZ developer or an SEZ unit, shall be deemed to be a supply of goods and/or services in the course of inter-State trade or commerce.
