Applicability of vat of sales from a sez unit
This query is : Resolved
29 September 2011
Sir,
I am an accounts manager in a firm inside the sez unit in Cochin, Kerala. If we sold any goods to a domestic area is there any kerala vat is applicable?
With thanks & regards
I am an accounts manager in a firm inside the sez unit in Cochin, Kerala. If we sold any goods to a domestic area is there any kerala vat is applicable?
With thanks & regards
ACMA Obulirajan R
(Expert)
29 September 2011
As per the rule, the goods which are manufactured in SEZ have to be 100% sold outside india i.e. Export. However the SEZ unit can sell certain % of value out of total turnover to DTA (Domestic Tariff Area) but atracts VAT.
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