TMI BlogSecurity Service by Other than body corporate to SEZX X X X Extracts X X X X X X X X Extracts X X X X ..... Security Service done by other than body corporate to SEZ unit. SEZ unit has to pay the tax under RCM. Please confirm, am I right? - Reply By Shilpi Jain - The Reply = The SEZ would not be liable to pay under RCM nor is the service provider required to pay. There is a department communication that SEZs are not liable under RCM. It is suggested that the service provider takes an LUT in order ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to safeguard against any demand from department. - Reply By KUMAR Narasimhan - The Reply = Thank you for the clarification Mam - Reply By KASTURI SETHI - The Reply = As per Section 16(1) (b) of IGST Act , supply of goods or services or both to SEZ unit or developer is zero rated supply. Such supply of service will be considered as exempted service.Hence no liability of tax on supplier of s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ervice. No question of shifting liability under RCM on SEZ unit. However, FAQ updated till 15.12.18 (Q.no.41) says that recipient under RCM is considered as deemed supplier of service. So SEZ unit has to pay GST on such service. FAQ has no statutory force. - Reply By KUMAR Narasimhan - The Reply = Dear Sir, On updating the SEZ sale in GSTR-1 table, Supply attracts reverse charge ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... field is getting disappeared We are able to view only With payment or Without Payment . In this case how SEZ unit will pay the taxes through RCM? - Reply By ABHISHEK TRIPATHI - The Reply = Agree with KS Sir. Dear KS Sir, In FAQ No. 41, any idea why they are calling SEZ a deemed supplier? Any legal backing for that? - Reply By KASTURI SETHI - The Reply = Sh.Abhishek Tripathi Ji, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, I do not know more than you. - Reply By Jayaram Hiregange - The Reply = Are the security services not covered under default list of services which are deemed to be utilized for authorized operations and hence no GST is payable under RCM - Security Service by Other than body corporate to SEZ - Query Started By: - Krishna PANYAM Dated:- 16-5 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -2021 Goods and Services Tax - GST - Got 7 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
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