SEZ purchases are Exempt or not Under Andhra Pradesh VAT
Anurag
(Querist) 26 June 2008
This query is : Resolved
Respected Sir
I want know this Few Issue regarding SEZ of Andhra State:
1.One Contractor Making purchases for SEZ site, and the type of Purchases is LOCAL PURCHASES,in such case can he avail input of VAT???
2.If the Person already in Composition Scheme Of VAT,Then can he avail Input??
3.Are there any form through which he should Purchase MAterial
Please tell me About This Query
Thanks in advance
Anurag Gupta
CA STUDENT
Srinivas.B.S.S.T
(Expert) 29 June 2008
SEZ purchases are exempted from VAT. IF you can be specific about the query with reagrd to local purchases and also provide fuller data i will be able to give you a detailed reply.
Anurag
(Querist) 01 July 2008
we Are a contractor and got the Contract from a company Which Comes in SEZ area,we purchased material rs 100000 and paid 12.5% vat cost is 112500,and same material supplied to our SEZ site,we are not charging any WCT on Bill for SEZ company , For Example Final Bill value 150000 then we will receive amount only 150000 from SEZ comapny.In case There is no Output and Already we are in composition scheme , then we cant claim Input of VAT and We suffered a lost of VAt Rs 12500,to avoide this in future are there any Form which we have to submit to our supplier,meanse we want get that material in woth of 100000/-.
Ok
Thanks For Last Information
