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Refund of input tax credit related to outward supplies to sez
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
Replies (8)
Quick Summary
Yes it can be adjusted
Yes you can take credit
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
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
Credit of coal is available for use in rubber products.
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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If cess on purchase related to sez outward supply is above 2.5 lacs CA certification necessary
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