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TMI BlogRCM applicability for SEZ under GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... RCM applicability for SEZ under GST X X X X Extracts X X X X X X X X Extracts X X X X ..... s 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/services 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 service 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 applicable 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 ra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... te 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 ambit 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. P ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lease 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 that 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 pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r Section 24 of CGST Act, it appears registration is mandatory. It is a taxable supply, but is zero rated. Further, the procedure prescribed 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 th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at registration is mandatory (since zero rated & to claim refund of ITC). Perhaps, it is the intention to monitor all the zero rated supplies 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 smal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l traders who would not be registered under GST then how to deal with such transaction.
regards
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