VAT & Service Tax for Sale to SEZ

This query is : Resolved

Ajith R Chandra (Querist)
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01 April 2009 Dear Friends

We are into Karnataka Based Coporate Interior Company. Recently we have received a Interior Contract from SEZ in Chennai, Tamilnadu.
In relation to the above i want to know the following things

1.Whether this transaction is completely exempted from Karnataka VAT & Service Tax.
If Yes what are the forms that we need to obtain from our SEZ Client under Karnataka VAT i.e sales tax & Service Tax
Further whether i can claim Input Tax Credit on the purchases made by me in Karnataka?
Also whether i can claim Input Tax Credit on the purchases made by me in Tamilnadu

Regards
Ajith

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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03 April 2009 As on date you would charge the VAT/ service tax to the SEZ who would then cliam the credit and go for refund.

The option which would be cost effective maybe pay VAT on 75% and ST on 25% [ under not 12/2003)

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