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Purchase Return From SEZ Area to DTA, VAT + CST |
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Purchase Return From SEZ Area to DTA |
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Dear Sirs, Warm Wishes, In an SEZ Purchase, The purchases from DTA will be exempted through ARE 1 for excise duties and the VAT/CST is exempted. In case of Rejection by SEZ Unit, the excise duty is applicable as the materials purchased by SEZ on basis of Exemption through ARE 1. Is VAT/CST to be collected by SEZ Unit from the DTA Unit at the time of Removal of Rejection? Kindly clarify. Thanks Peter Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Dear Peter, There is no such Provision in the TNVAT Act read with Rules made there under. However, Form I to the extent of rejection amount would not be issued by the SEZ. Regards, YAGAY and SUN (Management, Business & Indirect Tax Consultants)
Thank you sir Page: 1 Old Query - New Comments are closed. |
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