Taxpayer category

I have a 100% EOU with a green card from the CSEZ and also registered under the Export Promotion Council. Will my GST registration be under ‘Normal’ or ‘SEZ’ category? Query put forth as I had registered under SEZ and I get inputs that it should be normal as whoever raises a invoice to me within the same state sees only IGST. more  

The govt should look at a very simple GST like that of other countries - Only one GST for everything and anything. Give rebate to exporters. Waive GST on essentials- wholesale food, medicine and such related.
Additional tax can be charged on imports that are in conflict with local produced and reviewed/adjusted as and when required to keep the balance "politically too" for local farmers, manufacturers, tourist purchase refunds, etc.

See typical GST & Tax in Singapore. You can search the same for China and other countries which are similar to India.

GST:
https://www.mof.gov.sg/Policies/Tax-Policies/Goods-and-Services-Tax

IMPORT DUTIES:
https://www.customs.gov.sg/businesses/valuation-duties-taxes--fees/duties-and-dutiable-goods more  
Dear Mr. Bhandari : You are now encroaching two different subjects. As I understand your first one was about GST and related returns as CEZ 100% EOU. Second : Your position to file an ITR. Please allow me to answer to the best of knowledge and capability.

1. CEZ/100% EOU/EPZs etc are schemes of commerce ministry to promote commerce, exports, local supporting vendors and create ease of business and commerce and so on and on. While all restrictions have been technically eliminated, it still not is easy for walk in/out - that does not happen anywehre in the world - ease of operation being another factor.

Hence you will have to adhere to you declarations as 100% EOU and restrictions as imposed on CEZ operations etc. Related returns are to be filed with concerned CELLS/DEPARTMENTS eg., GST, customs, DGFT etc.

Next if you chose to trade more than allowed percentage in domestic sector then your basic license, permits etc are all having different implication(s). Now that you are not looking at that segment let us not ponder on this. I am sure you are aware that you have leverage as 100% EOU to do some allowable transactions in domestic market and also seek/buy inputs from domestic market.

2. Your income tax implication(s) - I would only prefer to comment as a layman and not an expert. You have to declare your incomes earned to the local IT department with option to pay tax at your origin country, which is legally permitted. Alternately pay tax here and seek redemption/adjustment as permitted at your home country where you would log in.

Above are general options - accounting details and applicable sections etc are all to be sought by a professional CA or an IT consultant in your segment.

When you sell in the domestic market : (1) scrap (2) unsold export inventory (3) unused domestic inputs (4) unrealized remittances of products sold (5) salaries you would pay to Indian employees and many other such related expenses they need to be carefully analyzed and accounts maintained. So please be in touch with professionals in respective category.

In terms 1 & 2 above - there are customs import duty implications. Item 4 would attract banking norms and FERA and related other regulations.

I hope I could give satisfactory answers, certainly complicated. I am 100% confident prior to your licensing you would have consulted all concerned and properly advised by all of therm.

All the best sir.
Best Regards,
Subba Rao more  
Sir,
under GST regime, registration rules have mandated SEZ to take separate registration, since it is considered as a separate business vertical. Apparently, this will result into increased compliance and record maintenance burden on sectors having multiple SEZ units.

Any supply of goods or services or both to a Special Economic Zone developer/unit will be considered to be a zero-rated supply. That means these supplies attract Zero tax rate under GST. In other words, supplies into SEZ are exempt from GST and are considered as exports.Therefore, the suppliers supplying goods to SEZs can:

a)Supply under bond or LUT (Letter of Undertaking)without payment of IGST and claim credit of ITC;
or
b)Supply on payment of IGST and claim refund of taxes paid.

When a SEZ supplies goods or services or both to any one, it will be considered to be a regular inter-state supply and will attract IGST. The exception to this is, when a SEZ supplies goods or services or both to a Domestic Tariff Area (DTA), this will be considered as an export to DTA
(Which is exempt for the SEZ) and customs duties and other Import duties will be payable by the person receiving these supplies in DTA. more  
In line with suggestions from Hariharan, I would recommend you cinfine yourself to same category and all and every concerned application and process involved.

Please be aware that the process may not be applicable should your process or category change, for any operating and or commercial reasons.

I am a EXIM, FORWARDING, INTL. SOURCING, professional with +35years of working experience.
You cantact me at sraoov@gmail.com.
All the best. more  
Thank you sir for the reply but I am sorry that I was not clear earlier.

Point 1. I am a Indian Citizen and my unit is in the Karnataka State Industrial Development board.
Point 2. I have applied for the Green card which has been issued after I executed the LUT with the Cochin Special Economy Zone that I am a 100% EOU.

Now the question is wether am I a normal taxpayer because my unit is not located in the SEZ or am I a SEZ taxpayer because I have a green card from the CSEZ. more  
CEZ category will apply to you sir, because GST application specifically given for only tax payers of local merchandise tax recovery.
2. As you are from other country citizenship holder and got cez, your tax calculated for cez category itself simultaneously and might it have any special offers for products variously.. more  
Thank you sir for the reply but I am sorry that I was not clear earlier.

Point 1. I am a Indian Citizen and my unit is in the Karnataka State Industrial Development board.
Point 2. I have applied for the Green card which has been issued after I executed the LUT with the Cochin Special Economy Zone that I am a 100% EOU.

Now the question is wether am I a normal taxpayer because my unit is not located in the SEZ or am I a SEZ taxpayer because I have a green card from the CSEZ. more  
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