TMI BlogClarification - "Zero rated Sales"X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 1.4.200 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8 and onwards Developers/Co-developers can procure the material for their authorised operation without payment of GVAT. Confirm the view. - Reply By D Gupta - The Reply = You need to contact local co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsultant. - Reply By V Ramanujam - The Reply = 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 nee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d 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 a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sset (for eg vehicle not eligible) and nature of dealers eligible (composition dealer not liable) for effecting the zero rate sale. - Clarification - "Zero rated Sales" - Query Started By: - Jayesh S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hah Dated:- 7-4-2008 Value Added Tax - VAT-CST - Got 2 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanage ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mentindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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