Goods and Services Tax – Started By: – nandankumar roy – Dated:- 6-10-2017 Last Replied Date:- 8-10-2017 – DEAR SIR,TO AVOID BOND WE HAVE SUPPLIED TO SEZ UNIT WITH IGST WITHIN SAME STATE. WHETHER IT WILL BE CREATE ANY PROBLEM IN RETURN AND SALES IS ONLY YRLY 12 LACS APPX. PL HELP.N K ROY – Reply By Rajagopalan Ranganathan – The Reply = Sir, According to Section 2 (m) (ii) of THE SPECIAL ECONOMIC ZONES ACT, 2005 export means supplying goods, or providing services, from the Domestic Tariff Area to a Unit or Developer. Therefore any supply made to SEZ is treated as export and liable to pay IGST. Therefore your supply on payment of IGST even though the supply is within the same State is in order. For detailed procedure for export please see Circular No. 8/8/2017-GST dated 4.10.2017 issued by CBEC which is available in TMI web site. – Reply By nandankumar roy – The Reply = THANKS SIRJI,ROY – Reply By KASTURI SETHI – The Reply = Excellent reply by Sh.Ranganathan Sir. To the point. – Reply B
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eligible to claim refund under either of the following options, namely:- (a) he may supply goods or services or both under bond or Letter of Undertaking,subject to such conditions, safeguards and procedure as may be prescribed, without payment of integrated tax and claim refund of unutilised input tax credit; or (b) he may supply goods or services or both, subject to such conditions,safeguards and procedure as may be prescribed, on payment of integrated tax andclaim refund of such tax paid on goods or services or both supplied,in accordance with the provisions of section 54 of the Central Goods and Services Tax Actor the rules made there under. So from above it will not create any problem. – Reply By Kishan Barai – The Reply = In exercise of the powers conferred by section 54 of the Central Goods and Services Tax Act, 2017, and section 20 of the Integrated Goods and Services Tax Act, 2017, sub-rule (5) of rule 96A of the Central Goods and Services Tax Rules, 2017, and in supersession
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and fifty lakh rupees; (ii) the Letter of Undertaking shall be furnished on the letter head of the registered person, in duplicate, for a financial year in the annexure to FORM GST RFD – 11 referred to in sub-rule (1) of rule 96A of the Central Goods and Services Tax Rules, 2017 and it shall be executed by the working partner, the Managing Director or the Company Secretary or the proprietor or by a person duly authorised by such working partner or Board of Directors of such company or proprietor; (iii) where the registered person fails to pay the tax due along with interest, as specified under sub-rule (1) of rule 96A of Central Goods and Services Tax Rules, 2017, within the period mentioned in clause (a) or clause (b) of the said sub-rule, the facility of export without payment of integrated tax will be deemed to have been withdrawn and if the amount mentioned in the said sub-rule is paid, the facility of export without payment of integrated tax shall be restored. 2. The provisions of
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