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Sales tax form i

Shridhar K. Bopardikar (B.Com) (25 Points)

26 May 2015

Company situated in Maharashtra made a sale of capital equipments in year 2004-05 to one software company situated in SEZ area (in Maharashtra). Can we charge sales tax/vat at NIL rate against form I or can software company in SEZ area (in maharashtra) is entitled to issue Sales tax form I? If not please provide any notification or section under sales tax act in above matter.

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Adv. Rajesh Chhangani (Practicing Lawyer) (229 Points)
Replied 29 May 2015

Originally posted by : Shridhar K. Bopardikar
	Company situated in Maharashtra made a sale of capital equipments in year 2004-05 to one software company situated in SEZ area (in Maharashtra). Can we charge sales tax/vat at NIL rate against form I or can software company in SEZ area (in maharashtra) is entitled to issue Sales tax form I? If not please provide any notification or section under sales tax act in above matter.

Yes your client can issue invoice at NIL rate.

As per the Amendment in Sec 8 of Central Sales Tax Actw.e.f. 10-9-04, the Form 'I' under sub-section 4 of Section 8 was to be obtained from specified authority of the Central Government i.e. Commissioner of Special Economic Zone (SEZ). It was further stated that only Form 'I' issued by Commissioner, SEZ will be valid and form issued by Sales Tax Department will be valid only upto 9-9-04.

(refer Trade Circular No. 19T of 2009 attached herewith)

Attached File : 483067 20150529183701 datewise vat 2009 019.pdf downloaded: 164 times