Deemed Credit of SEZ goods

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Deemed Credit of SEZ goods
Query (Issue) Started By: - Pranay Jain Dated:- 3-5-2017 Last Reply Date:- 4-5-2017 Goods and Services Tax - GST
Got 3 Replies
GST
Whether deemed credit of 40% .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... in CSGT will be available to first stage dealer on SEZ goods in his stock on appointed date 01st Jul17. Reply By Govind Gupta: The Reply: Hi Pranay let us go into more details, ideally if goods hav .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e been subjected to any tax incidence, then ideally there should not be any credit available, the law is drafted to bring everyone on same level whether it is trader/manufacturer and when they were no .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... t able to claim credit of input tax earlier, they will be able to under the GST law. regards Govind Reply By Govind Gupta: The Reply: it should be read, if goods have not been subjected to any inc .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... idence of tax Reply By Pranay Jain: The Reply: True, but suppose I am second stage dealer and have received same SEZ (Excise exempted) goods from first stage dealer or any other second stage dealer .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... than would I be entitled for 40% deemed credit as I have no way to determine which goods are excise paid or from SEZ.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X