Dear Experts
Our company In Tamilnad supplied goods to buyer in SEZ within the state and also other states against their SEZ notification. But the sales tax officer demands Form I from the sez buyer within TN and CST 2 percent for SEZ sales to other state SEZ buyers,
pls clarify on this validiity
regards
ravikumar
Sales Tax Requirements for SEZ Transactions: Form ARE-1 for In-State, Form I for Out-of-State Exemption A company in Tamil Nadu supplied goods to SEZ buyers both within and outside the state. The sales tax officer demanded Form I from SEZ buyers within Tamil Nadu and a 2% CST for sales to SEZ buyers in other states. An expert clarified that for sales within the state, Form ARE-1 should be issued by the seller, while Form I is necessary for out-of-state suppliers, exempting them from CST. If Form I is not obtained, full state tax applies, and input tax credit may be affected. There is no specific time limit for submitting Form I, but it should be done by assessment completion. (AI Summary)
TaxTMI 
TaxTMI 
