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Refund of input tax credit related to outward supplies to sez

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180 Points Posted on 17 June 2022
when a tax payer supplies goods to sez under lut without paying gst, input credit related to inward supplies of such supplies can it be adjusted with other output tax
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On 17 June 2022 at 08:32 Report
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21 Points Posted on 17 June 2022
Yes it can be adjusted
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On 17 June 2022 at 09:07
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Chartered Accountant
86505 Points Posted on 17 June 2022
Yes you can take credit
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On 17 June 2022 at 09:15
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180 Points Posted on 17 June 2022
Thank you for immediate reply.
consider the issue here. let us say input relates to coal supplied to sez without paying taxes. Out put tax relates to rubber products sold to non sez. in such case input can it be adjusted with the output tax
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On 17 June 2022 at 09:16
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Chartered Accountant
86505 Points Posted on 17 June 2022
Credit of coal is available for use in rubber products.
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On 17 June 2022 at 09:19
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CA
682 Points Posted on 17 June 2022

As far as both the supplies i.e. Coal & Rubber forms part of your same business, there is no issue in taking the credit.

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On 17 June 2022 at 09:26
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180 Points Posted on 17 June 2022
Thank you madam
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On 17 June 2022 at 09:28
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Chartered Accountant
86505 Points Posted on 17 June 2022
Welcome dear......
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On 17 June 2022 at 21:54
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180 Points Posted on 24 July 2022
If cess on purchase related to sez outward supply is above 2.5 lacs CA certification necessary
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On 24 July 2022 at 14:26


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