ISD to SEZ units
Query (Issue) Started By: – LAKSHMINARAYANAN TR Dated:- 5-3-2018 Last Reply Date:- 6-3-2018 Goods and Services Tax – GST
Got 5 Replies
GST
Hi,
\nCan Input services Distributor distributes credit to one of their units in SEZ? if so, how to distribute when both of them in same state? IGST or not?
\nThanks in Advance.
\nDurai
\nReply By Rajagopalan Ranganathan:
\nThe Reply:
\nSir,
\nAccording to Section 16 of IGST Act, 2017
\nTherefore when you supply goods or service or both to SEZ Unit or SEZ Developer you can do so as per above provisions. Therefore in my opinion you cannot distribute credit to SEZ unit or Developer.
\nReply By KASTURI SETHI:
\nThe Reply:
\nAlso read these FAQs
\nQ14. How to distribute common credit amo<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ear, in reality, certainly suppliers insist SEZ units to pay the GST as they initially Had a struggle with LUT, now with refunds. We also observe that unregistered Suppliers do supply to SEZ units without GST, though technically law doesn't allow them without registration. These are the practical issues we have for SEZ units. How about supplies u\/s 9(3), if the SEZ unit being the recepient, are they suppose to pay the tax, if so, can they take ITC and go for refund? Please share your thoughts. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" ISD to SEZ units Query (Issue) Started By: – LAKSHMINARAYANAN TR Dated:- 5-3-2018 Last Reply Date:- 6-3-2018 Goods and Services Tax – GSTGot 5 RepliesGSTHi, Can Input services Distributor distributes credit to one of their units in SEZ? if so, how to distribute when both of them in same state? IGST or not? Thanks in … Continue reading “ISD to SEZ units”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-10697","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/10697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10697"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/10697\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nReply By KASTURI SETHI:
\nThe Reply:
\nIn my view, ISD can distribute IGST to SEZ . Regarding the remaining second query, SEZ as receiver will pay GST and get refund.
\nReply By LAKSHMINARAYANAN TR:
\nThe Reply:
\nMany thanks again for shedding some lig<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n