Whether Bond or LUT required to be filed if sale/supplies are made to SEZ under GST?

Whether Bond or LUT required to be filed if sale/supplies are made to SEZ under GST?

This is maybe a vital inquiry with a straightforward answer. Under GST administration, in the event that anyone needs to make zero evaluated supplies without charging GST then he needs to document security or LUT as the case might be to the focal division before making any zero appraised supply. 

Zero rates supply might incorporate fare and supplies/deal made to Special Economic Zone (SEZ). At the end of the day, any supply or deal made to SEZ is dealt with at standard with typical fare deals. In this way, if any merchandise are sent to SEZ, the same should be dealt with as fare and if any supply is gotten from SEZ, the same is dealt with as imports. 

Regardless of whether bond or LUT is required to be petitioned for SEZ? 

Since any supply made to SEZ is dealt with at standard with the typical fare supply, all things considered LUT and bond should be required to be recorded. Further, on the off chance that bond is recorded, a BG of 15% should likewise required to be documented. 

Case to comprehend it better 

Mr. A consolidates an organization to begin the supply to the SEZ . He anticipates that the turnover will be around Rs.50 lakh. Compute the bond sum and the BG required to be recorded with the focal assessment office. (Accept GST rate 18%) 

Add up to bond ought to be equivalent to impose risk on trade. Thus, the bond sum might be: 

Bond sum = Rs.9 lakh (18% of Rs.10 lakh) 

Bank Guarantee = Rs.1,35,000/ -


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