Ramakrishnan (Chief Executive) (24 Points)
16 August 2011We are registered dealers in the State of Tamil Nadu both under the TNVAT and CST Acts. When we supply to the SEZ situated in the States other than Tamil Nadu, whether we should charge CST @ 14.5% or NOT? The Assessing Authority says that we have to charge CST @ 14.5% if the SEZ is situated other than Tamil Nadu. Can I get the expert opinion on this?
Dinesh
(CA Final)
(54 Points)
Replied 16 August 2011
In general any goods supplied to SEZ unit is exempt from levy of duties and taxes since supplies to SEZ unit are deemed to be exports. The goods supplied by the dealer to the SEZ unit are incorporated in a certificate issued by the developer of SEZ units.
"Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
