Vat on supply to sez

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navneet kakkar (Querist)
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17 December 2011 we have to supply to a party in sez, whereas the billing has to be done a company overseas.

How do we raise invoices as no-one is ready to pay the vat as it is deemed export when supplied to sez and secondly the payment is from overseas.

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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17 December 2011 Mr Navneet Kakkar,
An sez is exempt from pating tax(vat)in many states.find out in your state. Although you raise an invoice on an overseas company it will not become a deemed sale the goods will not the frontiers of our country. However,you can raise an invoice without levying vat,quoting the sez licence no.of that party and claim exemption on such sales in your return....MJK

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