We are a trading concern. The question is whether the sale to a sez unit is taxable or not.If not then what is the form we have to obtain from the buyer in order to gove exemption. This is an interstate sale. Similarly is service tax applicable or not for the sez unit?
Dear Suchitra ,
When SEZ units procure any thing from Domestic Tariff Area , it is a Duty Free Procurement. Now in your case you are trading concern , So while selling goods to SEZ unit you should not charge CST ( in Case of Internstate Sale ) to the SEZ unit. Acquire Form I from SEZ unit after completion of your transaction.
Simillarly Service Tax is also not applicabel to SEZ units. There is no need to submit / collect any form for this from / to SEZ unit.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
