Budget updates move fast, keep up with CAclubindia Pro. Subscribe today!

Sez supply

653 views 7 replies

siddhesh

59 Points Joined June 2012

SEZ SUPPLY CAN I SHOW IN ZERO RATE TAXABLE AMT ?

PLEASE GIVE ANSWER

Replies (7)

CA Rakesh Joshi

Chartered Accountant

1272 Points Joined May 2015

Yes. Supply to SEZ unit is treated as Zero rated supply.. Taxable value = Invoice Value.

Show it is Zero rated supplies.

Pankaj Rawat

GST Practitioner

55067 Points Joined June 2017

Sale to Sez Unit As per Section 16 IGST Act is considered as Zero Rated sale Means EXPORT.

YOU HAVE CHARGE IGST on Bill to Sez Unit but cant collect IGST from Sez . The IGST charge to Sez can be claim as refund by Filing Rfd 01A .

siddhesh

59 Points Joined June 2012

SIR,

I SHOW TAXABLE AMOUNT IN ZERO RATE COLUMN IN GSTR-1 IN LAST YEAR

IS IT CORRECT OR NOT ?

CA Rakesh Joshi

Chartered Accountant

1272 Points Joined May 2015

Since supply to an SEZ is treated as export and hence the same will have to be shown in 6A Export Invoices and not in 8A, 8B, 8C,8D Nil Rated Supplies in GSTR1.

If you have LUT then select withou payment of tax otherwise with payment of tax and charge IGST.

VIPIN KUMAR

PROPRIETOR

57 Points Joined November 2011

supply to sez .. in gstr1.. in b to b .. supply to sez.. with lut or without lut.

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

Supplies to SEZ with LUT / Bond then Show it in Export coloumn...

Without LUT then Show it under B2B section with payment. (You will prepare invoice with IGST. But, You can't collect Tax from Buyer. You ll be pay Your pocket)