Goods and Services Tax – Started By: – Rakesh Agarwal – Dated:- 12-12-2017 Last Replied Date:- 20-12-2017 – Dear Sir, We are manufacturers & want to supply goods to EOU/SEZ without charging them IGST. In earlier pre-GST regime, we used to supply against CT3. Is there any provision for EOU/SEZ for the same ? Best Regards Rakesh – Reply By Somil Bhansali – The Reply = As per section 16(3) of the IGST Act supplies to SEZ will be considered as zero rated supplies.Zero rate supplies can be made with or without payment of tax.Therefore in case of supplies to SEZ supplier can supply without payment of tax and claim refund of accumulated credit.However supply to EOU is considered as deemed supply and there is no such option available as provid
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is the Form-A mentioned in the earlier reply that I need to give my machine manufacturer for me to obtain the machinery at 0% tax? I have given an 30% export obligation Bond to the Karnataka State Industrial Development Board. – Reply By Kishan Barai – The Reply = The recipient EOU / EHTP / STP / BTP unit shall give prior intimation in a prescribed proforma in Form-A bearing a running serial number containing the goods to be procured, as pre-approved by the Development Commissioner and the details of the supplier before such deemed export supplies are made. The registered supplier thereafter will supply goods under tax invoice to the recipient EOU / EHTP / STP / BTP unit. On receipt of such supplies, the EOU / EHTP / STP / BTP unit shall en
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e required to enter data accurately and immediately upon the goods being received in, utilized by or removed from the said unit. The digital records should be kept updated, accurate, complete and available at the said unit at all times for verification by the proper officer, whenever required. A digital copy of Form – B containing transactions for the month, shall be provided to the jurisdictional GST officer, each month (by the 10th of month) in a Pen drive, as convenient to the said unit. The above procedure and safeguards are in addition to the terms and conditions to be adhered to by an EOU / EHTP / STP / BTP unit in terms of the Foreign Trade Policy, 2015-20 and the duty exemption notification being availed by such unit. – Reply By SRa
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