Compensation Paid for setting up of SEZ will be considered as ‘Supply of Services’, GST payable: AAR

The  Goa Authority for Advance Ruling (AAR)  held that compensation paid for setting up of Special Economic Zone (SEZ) unit will be considered as a ‘supply of services’ under  Goods and Service Tax (GST)  Act and GST will be payable. The applicant, in this case, is the M/s Goa Industrial Development Corporation (GIDC), which in turn is a government undertaking. The corporation…