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Sez supply

siddhesh (no) (59 Points)

07 October 2018

SEZ SUPPLY CAN I SHOW IN ZERO RATE TAXABLE AMT ?

PLEASE GIVE ANSWER

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7 Replies

Rakesh Joshi (CA Final) (1272 Points)
Replied 07 October 2018

Yes. Supply to SEZ unit is treated as Zero rated supply.. Taxable value = Invoice Value.

Show it is Zero rated supplies.

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 07 October 2018

Sale to Sez Unit As per Section 16 IGST Act is considered as Zero Rated sale Means EXPORT.

YOU HAVE CHARGE IGST on Bill to Sez Unit but cant collect IGST from Sez . The IGST charge to Sez can be claim as refund by Filing Rfd 01A .

siddhesh (no) (59 Points)
Replied 07 October 2018

SIR,

I SHOW TAXABLE AMOUNT IN ZERO RATE COLUMN IN GSTR-1 IN LAST YEAR

IS IT CORRECT OR NOT ?

Rakesh Joshi (CA Final) (1272 Points)
Replied 07 October 2018

Since supply to an SEZ is treated as export and hence the same will have to be shown in 6A Export Invoices and not in 8A, 8B, 8C,8D Nil Rated Supplies in GSTR1.

If you have LUT then select withou payment of tax otherwise with payment of tax and charge IGST.

VIPIN KUMAR (PROPRIETOR) (57 Points)
Replied 07 October 2018

supply to sez .. in gstr1.. in b to b .. supply to sez.. with lut or without lut.

RAJA P M ("Do the Right Thing...!!!") (127173 Points)
Replied 07 October 2018

Supplies to SEZ with LUT / Bond then Show it in Export coloumn...

Without LUT then Show it under B2B section with payment. (You will prepare invoice with IGST. But, You can't collect Tax from Buyer. You ll be pay Your pocket)