Renganathan (Manager- Finance) (58 Points)
08 July 2017
Lakshmikant rai
(student)
(95 Points)
Replied 08 July 2017
Lakshmikant rai
(student)
(95 Points)
Replied 08 July 2017
Renganathan
(Manager- Finance)
(58 Points)
Replied 08 July 2017
Thanks Mr Lakshmikant for the reply. However, we have a dount whether there is taxability. As per the VAT regime the same was not taxable for all ( both local and interstate). However the sale to SEZ is exempted both under VAT and GSt Regime.
Now my question is that whether the high sea sale trasaction to SEZ would be liable for GST
Renganathan
Lakshmikant rai
(student)
(95 Points)
Replied 08 July 2017
Lakshmikant rai
(student)
(95 Points)
Replied 08 July 2017
Renganathan
(Manager- Finance)
(58 Points)
Replied 08 July 2017
THANKS lAKSHMIKANTJI.
WE ARE TRADING UNIT ENGAGED IN IMPORTING MATERIAL HANDLING EQUIPMENTS FROM CHINA AND SELL THE SAME ON HIGH SEA SALES BASIS TO SEZ UNIT LOCATED IN MEPZ. WE HAVE BEEN DOING THIS TYPE OF TRANSACTION FOR THE PAST 6 YEARS. NOW GST REGIME HAS ROLLED OUT WEF 1-7-17 AND WE HAVE AN IMPORT TO BE SOLD ON HIGH SEA SALES BASIS. AS SUCH WE DONOT HAVE ANY ISSUES RELATING TO FILING OF BOE WITH CUSTOMS. WHEN A DOUBT WAS RAISED BY MY COUNTERPART ON THIS SCORE, I NEED TO GET CLARIFICATION. THAT IS WHY I HAVE PUT THIS ISSUE IN TO THIS VALUABLE FORUM .
I HOPE I HAVE GIVEN THE CLEAR PICTURE ABOUT MY TRANSACTION
ONCE AGAIN THANKS A LOT
CAclubindia
