WCT-VAT FOR SEZ IN ANDHRA PRADESH
This query is : Resolved
15 January 2010
CAN ANY ONE SOLVE BELOW QUERY :
IF A COMAPNY SITUATED IN ANDHRA PRADESH MAKING SALES UNDER WCT TO AN SEZ UNIT SITUATED IN ANDDHRA PRADESH. IN THIS CASE WHETHER WCT IS EXEMPT OR COMPANY LIABLE FOR WCT-VAT .
REGARDS
MANISH PANDEY
IF A COMAPNY SITUATED IN ANDHRA PRADESH MAKING SALES UNDER WCT TO AN SEZ UNIT SITUATED IN ANDDHRA PRADESH. IN THIS CASE WHETHER WCT IS EXEMPT OR COMPANY LIABLE FOR WCT-VAT .
REGARDS
MANISH PANDEY
03 February 2010
SEZ Units are exempted from of payment of VAT on domestic procurements. SEZ unit should provide FORM H (can be collected from vat department.) for Intra - State sale while FORM I for interstate sale.
SEZ Units are also exempted from payment of WCT ( Service Tax ) for services consumed within the SEZ
SEZ Units are also exempted from payment of WCT ( Service Tax ) for services consumed within the SEZ
05 February 2010
Thanksyou Sir,
My question is this, if A in SEZ unit in AP , a has given order for goods supply to B for their SEZ unit. B is also in AP.Now B has forawrded this order to C who is in WB. C has send goods to A directly and bill to it on B. In this case :
1. Can A can issue Form-I to C?
0r
2. Can this transaction be treated purchase against Form-C by B ?
Thanks.
My question is this, if A in SEZ unit in AP , a has given order for goods supply to B for their SEZ unit. B is also in AP.Now B has forawrded this order to C who is in WB. C has send goods to A directly and bill to it on B. In this case :
1. Can A can issue Form-I to C?
0r
2. Can this transaction be treated purchase against Form-C by B ?
Thanks.
07 February 2010
1. Yes , A can issue FORM - I to C as it is a sale between 2 states.
2. No , B is only forwarding the order to C. C has to clear goods against ARE - I as the material is for SEZ. So , in simple language the transaction is between A & C , while B is only faciliater, B can have Commission on the Deal. For SEZ B has no physical role in the sale, he is only Commission Agent.
The export benefit will also be enjoyed by C only .
2. No , B is only forwarding the order to C. C has to clear goods against ARE - I as the material is for SEZ. So , in simple language the transaction is between A & C , while B is only faciliater, B can have Commission on the Deal. For SEZ B has no physical role in the sale, he is only Commission Agent.
The export benefit will also be enjoyed by C only .
08 February 2010
Dear sir,
In this case B is not getting commission. C is raising Bill to B for supply of goods to A.Agian B is raising bill to A for the supply made by C.
In above situation what will be the applicablilty of Form-I and Form-C.
Regards,
Manish Pandey
In this case B is not getting commission. C is raising Bill to B for supply of goods to A.Agian B is raising bill to A for the supply made by C.
In above situation what will be the applicablilty of Form-I and Form-C.
Regards,
Manish Pandey
08 February 2010
In above case , A will not get any benefit as A is purchasing from First Hand Dealer(B). SEZ unit can get benefit only when they purchase goods & services from the Manufacturer / actual service Provider .
However A can provide form I to B and B can provide Form C to C.
Its better that C supply directly to A and B should get Commission from either party . If C supplies Directly to A all parties A , B & C will be in profit in follwoing way.
1. A - will receive VAT FREE / EXCISE FREE MATERIAL
2. B - will get his cut.
3. C - can claim for duty drawback or DEPB as supplies to SEZ is Exports for C.
However A can provide form I to B and B can provide Form C to C.
Its better that C supply directly to A and B should get Commission from either party . If C supplies Directly to A all parties A , B & C will be in profit in follwoing way.
1. A - will receive VAT FREE / EXCISE FREE MATERIAL
2. B - will get his cut.
3. C - can claim for duty drawback or DEPB as supplies to SEZ is Exports for C.
08 February 2010
Dear Sir,
Thanks for your reply.
If Company “A†is SEZ unit. Company “B†and Company “C†is in Domestic Tariff Area.
Company “A†is given contract to Company “B†for supply of Goods for SEZ unit. Company “B†is forwarded this contract to company “Câ€. All three companies situated in Andhra Pradesh.
Following are the scenario of the transactions:
1. Company “C†supply goods directly to company “A†to its SEZ unit as per order given by company “Bâ€.
2. Company “C†supply goods to company “B†and company “B†will further these goods to company “Câ€
In both transactions what will be the applicability of VAT.
Regards,
Manish Pandey
Thanks for your reply.
If Company “A†is SEZ unit. Company “B†and Company “C†is in Domestic Tariff Area.
Company “A†is given contract to Company “B†for supply of Goods for SEZ unit. Company “B†is forwarded this contract to company “Câ€. All three companies situated in Andhra Pradesh.
Following are the scenario of the transactions:
1. Company “C†supply goods directly to company “A†to its SEZ unit as per order given by company “Bâ€.
2. Company “C†supply goods to company “B†and company “B†will further these goods to company “Câ€
In both transactions what will be the applicability of VAT.
Regards,
Manish Pandey
08 February 2010
some spellings or words are not visiable come up again
08 February 2010
Dear Sir,
Thanks for your reply.
If Company A is SEZ unit. Company B and Company C is in Domestic Tariff Area.
Company A is given contract to Company B for supply of Goods for SEZ unit. Company B is forwarded this contract to company C. All three companies situated in Andhra Pradesh.
Following are the scenario of the transactions:
1. Company C supply goods directly to company A to its SEZ unit as per order given by company B.
2. Company C supply goods to company B and company B will further these goods to company C.
In both transactions what will be the applicability of VAT.
Thanks for your reply.
If Company A is SEZ unit. Company B and Company C is in Domestic Tariff Area.
Company A is given contract to Company B for supply of Goods for SEZ unit. Company B is forwarded this contract to company C. All three companies situated in Andhra Pradesh.
Following are the scenario of the transactions:
1. Company C supply goods directly to company A to its SEZ unit as per order given by company B.
2. Company C supply goods to company B and company B will further these goods to company C.
In both transactions what will be the applicability of VAT.
08 February 2010
Vat will not be applicable in either cases. But Excise is waived only when C supplies directly to A . C will also get export benefit in case of direct supply only.
09 February 2010
In aobve cases any form to be exchanged between companies?
09 February 2010
Form I from SEZ Company and Form C from Domestic company
09 February 2010
Form I from SEZ Company and Form C from Domestic company
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Nomination of Bank for refund in itr 2
- Rent lease agreement
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Relief u/s Section 89
- REGARDING SECTION 44AE
- Entries in AIS regarding sale of units and shares
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
