TMI BlogRCM applicability for SEZ under GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts, Can anybody explain the applicability of RCM for SEZ Developers / Units as SEZ is coming under IGST? Regards Panch - Reply By KASTURI SETHI - The Reply = Supply of goods or service to SEZ is export out of country. Export is zero rated. So question of RCM for SEZ arises in your mind ? - Reply By RameshBabu Kari - The Reply = Dear sir, If registered SEZ unit purchases goods/se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rvices from unregistered person, does this same like normal case ? - Reply By KASTURI SETHI - The Reply = Treat the exported goods as GST paid. If unregistered person supplies to SEZ, that is also export. - Reply By HimansuSekhar Sha - The Reply = Any supply made to sez is inter state supply. Inter state suppliers needs to be registered. - Reply By ajay gaur - The Reply = RCM have 12 servi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce only and it will applicable on unregistered dealer if u r registered - Reply By KASTURI SETHI - The Reply = I agree with Sh. Himanshu Sha an expert. Registration is required being inter state sale. GST is not to be paid being zero rated. Turnover of export is includible while arriving at RS.20 lakhss, small scale threshold exemption.h - Reply By Ganeshan Kalyani - The Reply = GST is not ap ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... plicable to SEZ as it is treated export and GST law is not applicable. - Reply By HimansuSekhar Sha - The Reply = Even in such case the clearance will be under out/bond. - Reply By KASTURI SETHI - The Reply = Yes I agree with you. Zero rate of GST is also a rate of GST. It is one of the five slabs. Hence in this context we can say exported goods are to be treated as GST paid. SEZ is with in a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mbit of GST. - Reply By Velayutham Panchatcharam - The Reply = Dear Experts, Thanks for your valuable reply and clarifications. So based on the above, RCM is not applicable for SEZ whether supply from DTA by registered or unregistered dealer. Please correct me if I am wrong. Regards Panch - Reply By Kishan Barai - The Reply = Great reply by all experts but let me make one clarification th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at Exports Business does not require mendatory GST registration. One can export goods / Supply goods to SEZ without GST Registration but to claim ITC it is required. - Reply By vijay kumar - The Reply = Export / supply to SEZ is inter state supply. As per Section 24 of CGST Act , it appears registration is mandatory. It is a taxable supply, but is zero rated. Further, the procedure prescribe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d under Section 16 of IGST Act (supplies without payment of GST) can be followed by a registered person only. But once registered, he has to comply with other statutory requirements like invoicing and filing of returns. As per Tweet FAQ also, it is mentioned that registration is mandatory (since zero rated to claim refund of ITC). Perhaps, it is the intention to monitor all the zero rated su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pplies under GST regime. - Reply By Nimish Shah - The Reply = Dear Experts, Thanks for your valuable reply and clarifications.So based on the above comments, if construction company construct commercial property in SEZ area,company would recd service/goods from small traders who would not be registered under GST then how to deal with such transaction. regards Nimish Shah - RCM applicability ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for SEZ under GST - Query Started By: - Velayutham Panchatcharam Dated:- 16-8-2017 Goods and Services Tax - GST - Got 13 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
