gst input against sez works

ITC / Input 167 views 3 replies
any company can provide supply and service to sez units , against supply / service GST tax exemption by submitting LUT. the company purchase material against sez works can the company take GST input against particular sez purchase s
please give ur valuable solution sir
Replies (3)

Dear Ramakrishna,

In terms of section 16(2) of IGST Act, input tax credit on inward supplies used for making zero rated supplies would be eligible even though such supplies are exempt supplies subject to section 17(5) of CGST Act.

 

As per Circular 45/19/2018 GST ,dt.30/5/2018 :
As per section 16(2) of the IGST Act, credit of input tax may be availed for making
zero rated supplies, notwithstanding that such supply is an exempt supply.

Further, as per
section 16(3) of the IGST Act, a registered person making zero rated supply shall be eligible
to claim refund when he either makes supply of goods or services or both under bond or letter
of undertaking (LUT) or makes such supply on payment of integrated tax.

Hence you can avail ITC & can claim refund for the same
Yes... I agreed to Mr Pankaj Rawat's view.

@ Mr RAMAKRISHNA.,

Yes... You can avail ITC for supply to SEZ (with LUT) related ITC.


CCI Pro

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