Goods and Services Tax – GST – By: – Pradeep Jain – Dated:- 2-1-2018 – GST update on exemption given to supply made to SEZ unit and developer:- Treatment of supplies made to SEZ in GST regime has been confusing as already indicated by our earlier updates. According to section 7(5) of IGST Act, 2017; supply of goods or services or both to or by a Special Economic Zone developer or a Special Economic Zone unit will be treated as supply of goods or services or both in course of inter-State trade or commerce. Notification No. 18/2017-Integrated Tax (Rate) dated 5th July, 2017 has been issued to exempt services imported by a unit or a developer in the Special Economic Zone for authorised operations, from the whole of the integrated tax leviable
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ted into India, i.e. in case of physical import by SEZ unit or developer. It cannot be considered as applicable in case of purchase from domestic unit. In view of above discussion, following is the status of various supplies made to SEZ unit or developer:- If supplier of goods makes supply on payment of IGST and SEZ unit intends to avail the credit, the supplier will show these supplies in B to B category in his GSTR-1. In this case, refund will be filed by SEZ unit or developer. If supplier of goods makes supply on payment of IGST and SEZ unit or developer does not intend to avail the credit; the supplier will claim the refund of tax so paid. If the supplier supplies the goods under bond or undertaking to SEZ unit or developer, he will be
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