Maharashtra VAT
This query is : Resolved
20 November 2008
When Goods are sold to Any SEZ, the SEZ can issue Form I and the seller can sale the goods without tax.
Whether this is applicable to Local Sales as well....i.e. when the SEZ unit is located in mumbai and seller is also in mumbai ....can he sale the goods tax free and obtain FOrm I from SEZ.
As per Maharashtra VAT there is no such provision for exemption of tax in case goods are sold to SEZ. 'Form I' provision is only mentioned in Central Sales Tax Act. Does that mean that when sale to SEZ is a local sale one has to charge tax at Local Rates???? and when the sale is to SEZ outside Mahrashtra then one can sale the goods tax free against Form I?
Whether this is applicable to Local Sales as well....i.e. when the SEZ unit is located in mumbai and seller is also in mumbai ....can he sale the goods tax free and obtain FOrm I from SEZ.
As per Maharashtra VAT there is no such provision for exemption of tax in case goods are sold to SEZ. 'Form I' provision is only mentioned in Central Sales Tax Act. Does that mean that when sale to SEZ is a local sale one has to charge tax at Local Rates???? and when the sale is to SEZ outside Mahrashtra then one can sale the goods tax free against Form I?
Abuzar Azmi
(Expert)
15 April 2011
I am also looking for the same answer. Can any one please clarify.
Dhirajlal Rambhia
(Expert)
22 June 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
