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SUPPLY TO SEZ WITH IGST WITHIN SAME STATE ACCEPTABLE

Goods and Services Tax - Started By: - nandankumar roy - Dated:- 6-10-2017 Last Replied Date:- 8-10-2017 - DEAR SIR,TO AVOID BOND WE HAVE SUPPLIED TO SEZ UNIT WITH IGST WITHIN SAME STATE. WHETHER IT WILL BE CREATE ANY PROBLEM IN RETURN AND SALES IS ONLY YRLY 12 LACS APPX. PL HELP.N K ROY - Reply By Rajagopalan Ranganathan - The Reply = Sir, According to Section 2 (m) (ii) of THE SPECIAL ECONOMIC ZONES ACT, 2005 export means supplying goods, or providing services, from the Domestic Tariff Area to .....

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Himansu Sekhar - The Reply = Absolutely correct sir. - Reply By Chhatra Jain - The Reply = As section 16 of IGST Act clearly states that though in the same state supply to SEZ will be treated as inter state supply and one has to charge IGST. Section 16 of IGST Act is reproduced, for your reference, hereunder : According to GST Law, supply of goods to SEZ is treated as zero rated supply. The Section 16 of the IGST Act, 2017 explains zero rated supply as below: zero rated supply means any of the .....

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eligible to claim refund under either of the following options, namely:- (a) he may supply goods or services or both under bond or Letter of Undertaking,subject to such conditions, safeguards and procedure as may be prescribed, without payment of integrated tax and claim refund of unutilised input tax credit; or (b) he may supply goods or services or both, subject to such conditions,safeguards and procedure as may be prescribed, on payment of integrated tax andclaim refund of such tax paid on go .....

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f notification No. 16/2017- Central Tax, dated the 7thJuly, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 848 (E), dated the 7th July, 2017 except as respects things done or omitted to be done before such supersession, the Central Board of Excise and Customs hereby specifies conditions and safeguards for furnishing a Letter of Undertaking in place of a Bond by a registered person who intends to supply goods or services for export .....

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