<p style="text-align:justify"><span style="font-size:14px"><span style="background-color:white"><span style="color:#333333">The GST regime does not allow any tax exemptions for investments/operations in any specific area. However, incentives can be offered by the states as part of industrial policy which may inter-alia include refund of the tax paid by the taxpayer in the form of industrial subsidy.</span></span></span></p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify"><span style="font-size:14px"><span style="background-color:white"><span style="color:#333333">As of now, units in the erstwhile excise-free zones will have to pay GST, including Central GST. They have to claim a refund of the CGST component later, based on guidelines issued by the central government.</span></span></span></p>