Can SEZ Unit Avail ITC & Claim Refund

492 views
User Avatar

Audit Assistant
39 Points Posted on 06 May 2020
I am registered Under GST as "SEZ Unit" & making Export of Service out side India

Can I Eligible to take ITC ? & can I claim refund for the same
0 Reply Share Follow
On 06 May 2020 at 19:13 Report
Replies (2)
Quick Summary
Yes, SEZ units registered under GST and exporting services outside India are eligible to claim Input Tax Credit (ITC) and seek refunds. Supplies made to an SEZ unit are considered zero-rated supplies. However, you can only avail ITC if your supplier does not claim a refund for the supplies made to you.

User Avatar

pro badge

Finance/Compliance Consultant
69623 Points Posted on 07 May 2020
Yes. You can claim ITC and get the refund of the same.
Reply
On 07 May 2020 at 10:49
User Avatar

Indirect taxes
131 Points Posted on 07 May 2020
Sir there is one condition on ITC availment. Since you are registered as an SEZ, supplies made to you by any supplier will be treated as 'zero- rated supply' in terms Sec 16 of IGST act. Therefore your supplier is likely to file a refund claim on supplies made to you. You can avail Itc only if your counter supplier does not files a refund claim.
Reply
On 07 May 2020 at 13:59

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Foreign remittance
  2. Affordable Residential Flats in Gurgaon
  3. Manufacturing
  4. TAN REGISTRATION ON E-FILLING SITE
  5. Form 10-IEA – Continuing Old Regime
  6. Income tax act 2026
  7. Belated Return where Form 10IEA filed this year to
  8. GST Reconciliation Tool (2A vs Books) - looking fo
  9. TDS ON PF FORM 19 WITHDRAWAL
  10. Can a virtual office in Mumbai be used for company

More recent discussions | Post

Related Topics :

Loading