ITC on purchasing from Sez

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Accountant
37 Points Posted on 11 July 2020
dear all

please guide me regarding how to itc on purchasing from sez to domestic

I received itc charged invoice

please suggest full procedure with how to file bill of entry online


thanks

Narendra
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On 11 July 2020 at 20:12 Report
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Quick Summary
This discussion clarifies how to claim Input Tax Credit (ITC) when purchasing goods from Special Economic Zones (SEZs). Purchases from SEZs are treated as imports, and the customs duty paid on these goods can be claimed as eligible ITC. The process involves correctly reporting these transactions in GSTR1 and filing the Bill of Entry online.

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1313 Points Posted on 11 July 2020
Purchased from SEZ is to be treated as import in GSTR1.Hence you have to show customs duty paid on import of goods from SEZ under first column of eligible ITC.
1 Reply
On 11 July 2020 at 23:02
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Chartered Accountant
12739 Points Posted on 11 July 2020

agreed with above answer 

it shall be treated as IMPORT of Goods and ITC can be availed 

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On 11 July 2020 at 23:52
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4215 Points Posted on 12 July 2020
You may avail the ITC as per your invoice
1 Reply
On 12 July 2020 at 06:11

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