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sale to SEZ unit

CA OM PRAKASH GUPTA (CA Practice ) (76 Points)

01 July 2017

What will be the impact on sale to SEZ unit? Whether GST to be charged in invoice?

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3 Replies

Purnima (Professional) (289 Points)
Replied 01 July 2017

sale to SEZ will be treated as zero retad supllies and will be given similar treatment as exports .

a registered taxable person exporting goods or services shall be eligible to claim refund under one of the following two options:

i. Export under bond or letter of undertaking without payment of Integrated Tax and claim refund of unutilized input tax credit.

ii. Export on payment of Integrated Tax and claim refund of the tax so paid on goods and services exported.

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shivaji (job) (424 Points)
Replied 22 August 2017

Originally posted by : Purnima
	sale to SEZ will be treated as zero retad supllies and will be given similar treatment as exports . a registered taxable person exporting goods or services shall be eligible to claim refund under one of the following two options: i. Export under bond or letter of undertaking without payment of Integrated Tax and claim refund of unutilized input tax credit. ii. Export on payment of Integrated Tax and claim refund of the tax so paid on goods and services exported.

Hi,

In point (I) above I am unable to understand how it is possible to claim ITC without payment please give example I do not know the subject.

Thanks

shivaji (job) (424 Points)
Replied 22 August 2017

Originally posted by : Purnima
	sale to SEZ will be treated as zero retad supllies and will be given similar treatment as exports . a registered taxable person exporting goods or services shall be eligible to claim refund under one of the following two options: i. Export under bond or letter of undertaking without payment of Integrated Tax and claim refund of unutilized input tax credit. ii. Export on payment of Integrated Tax and claim refund of the tax so paid on goods and services exported.