Issue of I form by SEZ unit under EI transaction senario

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..... Dear Sir, We are a SEZ unit has given contract to 'A -a Private limited company to construct a PEB for our SEZ Plant. Both SEZ Unit and The Contractors are in Karnataka. Now The Contractor - A - Purchased some steel from the Manufacturer in Hyderabad and effected direct delivery to SEZ site ( Billed to A and Shipped to SEZ Unit). He has followed Rule 30 of SEZ Rules. Since this Transaction i .....

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..... s Interstate Movement , the supplier is asking I form from SEZ Unit, which we are unable to issue as the re is no Buyer and seller relation lies between seller and SEZ Unit. The contractor Bills it to SEZ unit on Running bill basis. I need to Know, whether SEZ has to Issue I form to the Supplier or Contractor? What is the way out? - Reply By Pradeep Khatri - The Reply = Dear Vishu, This tra .....

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..... nsaction come under the purview of Section 3 (a) of the CST Act, 1956 and on the basis of invoice submitted by Supplier ( under Bill to Ship to) you may issue Form I to the supplier. Please also cross check with your counsel and with the KVAT Authorities in this regard. Regards Team YAGAY and SUN (Management and Indirect Tax Consultants) - Reply By MUKUND THAKKAR - The Re .....

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..... ply = Dear Vishumurthi, if supplier bills generate like buyer and consignee, material supply not effected the excise duty, but so far is tax, same will be effected. and your contractor will pay the applicalbe taxes. if payment is released by you than are u able to provide I form, because purchase is not appear in books of account of raw material. Mukund Thakkar - Issue of I form .....

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..... by SEZ unit under EI transaction senario - Query Started By: - vishnumurthi holla Dated:- 6-8-2014 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 - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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