VAT & Service Tax for Sale to SEZ
This query is : Resolved
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
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
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)
The option which would be cost effective maybe pay VAT on 75% and ST on 25% [ under not 12/2003)
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