Security Service by Other than body corporate to SEZ

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Security Service by Other than body corporate to SEZ
Query (Issue) Started By: - Krishna PANYAM Dated:- 16-5-2021 Last Reply Date:- 21-5-2021 Goods and Services Tax - GST
Got 7 Replies
GST
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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 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, supp .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ly 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 service. 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 s .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... uch 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 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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, 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... GST is payable under RCM
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