supply to SEZ

386 views 8 replies

Devendra Sujane

Student

58 Points Joined May 2016

wether supply made to SEZ shall attract to gst.

1. means when supplied to SEZ with payment means gst would be charged in bill given to SEZ units, or

2. it is practice to pay gst from own pocket and get it back as refund.
and please also explains it's practical approach of adjustment.

Replies (8)

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

1. Yes...

&

2. It's payable from Your pocket and then claim refund...

Pankaj Rawat

GST Practitioner

55067 Points Joined June 2017

1. Yes sale to Sez IGST is applicable , & cannot collect IGST from Sez . (Can claim Refund IGST)

2. You file LUT & no need to charge IGST

srikumar

audit staff

1203 Points Joined May 2013

if invoice raised with igst, sez can pay igst amount or not ?

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

No... Supplier pay the IGST his own pocket.
Also supplier Can be claim refund.

Devendra Sujane

Student

58 Points Joined May 2016

RAJA PM

I think it is practice to pay GST from own pocket and get it back as refund.

srikumar

audit staff

1203 Points Joined May 2013

how to pass journal entries for sale, payment of igst, refund of igst sir

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

@ devendra.,

Supplier only pay the tax amount for supplying to SEZ / Export if without LUT / Bond...

I think You know in general practice Customers give also invoicing values including Tax amount. But Export proceeds no way for receiving tax amount from customers end...