Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Discussions Forum
Home Forum VAT + CST This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

Clarification - "Zero rated Sales", VAT + CST

Issue Id: - 735
Dated: 7-4-2008
By:- Jayesh Shah

Clarification - "Zero rated Sales"


  • Contents

As per newly insterted Section 5A (W.E.F.1.4.2008)of Gujarat Value Added Tax Act, 2003, sale to Developer or Co-developer of SEZ shall be considered as "Zero rated Sales" As i understood, from 1.4.2008 and onwards Developers/Co-developers can procure the material for their authorised operation without payment of GVAT. Confirm the view.

Posts / Replies

Showing Replies 1 to 2 of 2 Records

Page: 1


1 Dated: 9-4-2008
By:- D Gupta
You need to contact local consultant.

2 Dated: 11-4-2008
By:- V Ramanujam
As rightly pointed out by you, from 1.4.08, sale to developer/co-developer of SEZ is zero rated. i.e. dealers selling goods to developer/co-developer need not charge VAT for their sale, but they can avail input tax credit in respect of goods/inputs involved in manufacture of goods sold. However there are certain restrictions with regard to nature of asset (for eg vehicle not eligible) and nature of dealers eligible (composition dealer not liable) for effecting the zero rate sale.

Page: 1

Old Query - New Comments are closed.

Quick Updates:Latest Updates