Tax on work in sez
This query is : Resolved
01 February 2012
DEar all Experts,
We are a private ltd co , sub contractors sub contractors of Thermal Power Project mainly under BHEL & B&R.Around 14 sites in India and One in abroad.
One of our site in Nasik, Maharashtra.Its a special economic Zone.that work we grasped through BHEL-B&R-So my query is
1. is any tax applicable for goods purchased on works carried out in the the special economic zone.i.e, excise duty, customs duty, VAT, or CST.
2.if possible, what are the necessary requirements ?
We are a private ltd co , sub contractors sub contractors of Thermal Power Project mainly under BHEL & B&R.Around 14 sites in India and One in abroad.
One of our site in Nasik, Maharashtra.Its a special economic Zone.that work we grasped through BHEL-B&R-So my query is
1. is any tax applicable for goods purchased on works carried out in the the special economic zone.i.e, excise duty, customs duty, VAT, or CST.
2.if possible, what are the necessary requirements ?
02 February 2012
If you are billing to SEZ Developers Directly , then you can have all Tax Benefits that is excise duty , VAT, CST etc. and also you can enjoy DEPB / DBK if available on your products. In this case your supplies to SEZ Developer will be counted as full fledge Exports hence you will get all these benefits
But if you are billing to Contractors working for SEZ you will not get any tax benefit. As it will be treated as normal inland contract. visit www.sez-india.net for information
But if you are billing to Contractors working for SEZ you will not get any tax benefit. As it will be treated as normal inland contract. visit www.sez-india.net for information
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