Sez unit vat

This query is : Resolved 

15 May 2013
Hi Sir,

Company C customer is based in SEZ in Bangalore, places INR order on Company D (Distributor in Mumbai SEZ).

Company D (Distributor based in Mumbai SEZ )in turn places order on Company M (Manufacturer in Chennai FTZ).

Company M (Manufacturer based in Chennai) plans to Bill the materials to Company D distributor in Mumbai and ship to Company C end customer in Bangalore.

Company D distributor is planning virtual in warding into its SEZ in Mumbai since material is not entering its warehouse.

Is it feasible,
On whose name should the SEZ unit issue Form i.

What are the challenges in this Bill to Customer in Bangalore and Ship to SEZ model from Manufacturer.

Appreciate quick reply.


Thanks,

Regards,
Anand

17 May 2013 Now, Co D places order to Co M to supply some goods to Co C in Bengaluru.Hence D has to issue an I form to M,because a certificate quoting a purchase order etc has to be made as per Sec8(6)of CST Act. It can also be done like an E1 sale wothout CST. C forms are to be furnshed by Co D to Co M and Co C to Co D.Co M has to issue E1 form to Co D...mjk

17 May 2013 Hi Sir,

Thanks for the reply,
If the CO D is of Singapore entity with Branch in India, Is the procedure the same.


19 May 2013 Yes,certainly.....mjk

21 May 2013 krishnamurthy sir

In this case,both form E1 and I are necessary.am I right???correct me if I am wrong.

02 July 2013 I agree with the expert but in SEZ there is no VAT but certain forms as suggested by the expert are to be issued.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries