GST update on exemption given to supply made to SEZ unit and developer
By: – Pradeep Jain
Goods and Services Tax – GST
Dated:- 2-1-2018<\/p>\n
GST update on exemption given to supply made to SEZ unit and developer:-
\nTreatment of supplies made to SEZ in GST regime has been confusing as already indicated by our earlier updates.
\nAccording 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.
\nNotification 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 Eco<\/p>\n
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\nThus, the above exemption from IGST has been given in case of goods imported 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.
\nIn view of above discussion, following is the status of various supplies made to SEZ unit or developer:-
\n * 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.
\n\tIf 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 ref<\/p>\n
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