Dear All,
We are construction contractors. We are doing job in SEZ Zone without IGST. Kindly clarify that we are allowed to take GST input credit for the SEZ work materials purchased by us.
Thanks in advance.
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GST Input Credit for SEZ work
Replies (5)
Quick Summary
Yes. you can avail ITC on inputs as it is used for making zero rated supplies. You can also claim refund.
Yes ITC is available.
Yes you can take credit.
Yes. You can take the credit.
Section 16(2) of the IGST act specifies that ITC may be availed on inward supplies for making zero-rated supply, notwithstanding the exempt nature of the zero-rated supply.
Zero-rated supply is an expression that covers two kinds of supplies: i) exports, and ii) supplies to a SEZ unit or SEZ developer.
So if you are adhering the GST rules properly then you can claim full ITC on the materials & services availed in regards to construction work of SEZ.
You can either take Input tax credit (ITC) or GST refund
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