Gst in case of LLP purchase
JAMAL UDDIN (owner) (13 Points)
27 December 2021
if sez firm sale us scrape there will be Gst applicable or not
6 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14916 Points)
Replied 27 December 2021
Is SEZ firm registered under GST .?.
JAMAL UDDIN
(owner)
(13 Points)
Replied 27 December 2021
Yes but scrape sale to our firm which is not in sez and both of the party registered under gst
prasad Nilugal
( GST Practitioner & Accounts )
(14916 Points)
Replied 27 December 2021
As per section 7 of the CGST act , Disposal made will be treated as supply , so scrap sale will be supply and GST applicable .
As per section 7(5)(b) of the CGST act supply by SEZ will be treated as inter-state ,So in my opinion IGST will be applicable .
please confirm with others also .
As per section 7(5)(b) of the CGST act supply by SEZ will be treated as inter-state ,So in my opinion IGST will be applicable .
please confirm with others also .
prasad Nilugal
( GST Practitioner & Accounts )
(14916 Points)
Replied 27 December 2021
Please correct in my above reply " As per section 7(5) (b) of IGST Act 2017 "
prasad Nilugal
( GST Practitioner & Accounts )
(14916 Points)
Replied 27 December 2021
please reply after confirmation .
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