Menu
Itc refund claim by sez
Can entity registered in SEZ apply for ITC refund on tax paid on inward supplies?
Replies (2)
Dear Pep Consultancy,
Yes . They can claim refund, notification 56/2019 clarifies , refer Statement 4A.
No .... if supplier (DTA) is claiming refund for the same then Sez cannot claim Refund (refer 3rd Provisio under Section 54(3) of CGST Act) .
So if Supplier files refund application RFD01 with Statement 4 in term of Notification 56/2019 CT (R) , then Sez cannot file refund for the same under statement 4a.
Moreover In term Notification 15/2017- Integrated Tax (Rate)
Sez are Exempted to pay IGST charged by Supplier (DTA) on Bill
So if Supplier files refund application RFD01 with Statement 4 in term of Notification 56/2019 CT (R) , then Sez cannot file refund for the same under statement 4a.
Moreover In term Notification 15/2017- Integrated Tax (Rate)
Sez are Exempted to pay IGST charged by Supplier (DTA) on Bill
Recent Topic
- Form 10E doubt
- LTCG on property sale after 24jul2024
- Should we mention NET INCOME or GROSS INCOME in i
- CRYPTO - SETOFF
- WBAAR: No Reclaim of Reversed ITC under Section 16
- Why Do Companies Prefer SME IPO Even When They Qua
- LTCG Tax Liability even after 100% LTCG set off wi
- ITR RETURNS
- Gold Mining
- Sale of share
Related Topics
CAclubindia
