can any one provide ne guidance on following.
1. as per section 16(1)(b) zero rated supply means "supply of goods or services or both to a Special Economic Zone developer
or a Special Economic Zone unit."
my question is if any supply made to sez unit or developer is zero rates supply then why government is given exemption on the import made by sez unit or developer in customs for good and in igst for import of services?
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sez zero rated supply
Replies (1)
Section 16(1)(b) - For supply made from taxable territory to sez and this supply is zero rated supply.
Import made by sez is supply from non taxable territory and such supply normally RCM aaply but import by sez is exempt so sez not liable to pay GST under RCM.
Import made by sez is supply from non taxable territory and such supply normally RCM aaply but import by sez is exempt so sez not liable to pay GST under RCM.
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