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TMI BlogISD to SEZ unitsX X X X Extracts X X X X X X X X Extracts X X X X ..... Hi, Can Input services Distributor distributes credit to one of their units in SEZ? if so, how to distribute when both of them in same state? IGST or not? Thanks in Advance. Durai - Reply By Rajagopalan Ranganathan - The Reply = Sir, According to Section 16 of IGST Act, 2017 Therefore when you supply goods or service or both to SEZ Unit or SEZ Developer you can do so as per above p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rovisions. Therefore in my opinion you cannot distribute credit to SEZ unit or Developer. - Reply By KASTURI SETHI - The Reply = Also read these FAQs Q14. How to distribute common credit among all the recipients of an ISD? Ans. The common credit used by all the recipients can be distributed by ISD on pro rata basis i.e. based on the turnover of each recipient to the aggregate tur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nover of all the recipients to which credit is distributed. Q15. The ISD may distribute the CGST and IGST credit to recipient outside the State as _______ (a) IGST (b) CGST (c) SGST Ans. (a) IGST. Q16. The ISD may distribute the CGST credit within the State as _____ (a) IGST (b) CGST (c) SGST (d) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Any of the above. Ans. (b) CGST. - Reply By LAKSHMINARAYANAN TR - The Reply = Dear Sir Thank you for your feedback. While I understand the form of distribution within and outside state by ISD. Can SEZ avail ITC remains unclear, in reality, certainly suppliers insist SEZ units to pay the GST as they initially Had a struggle with LUT, now with refunds. We also observe that unregistered Su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ppliers do supply to SEZ units without GST, though technically law doesn't allow them without registration. These are the practical issues we have for SEZ units. How about supplies u/s 9(3), if the SEZ unit being the recepient, are they suppose to pay the tax, if so, can they take ITC and go for refund? Please share your thoughts. - Reply By KASTURI SETHI - The Reply = In my view, ISD can di ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stribute IGST to SEZ . Regarding the remaining second query, SEZ as receiver will pay GST and get refund. - Reply By LAKSHMINARAYANAN TR - The Reply = Many thanks again for shedding some light - ISD to SEZ units - Query Started By: - LAKSHMINARAYANAN TR Dated:- 5-3-2018 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, persona ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l 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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