Sale of fixed assets from SEZ Zone to another SEZ Zone

[Velayutham Panchatcharam]

Dear Sirs,

I am working in SEZ Developer Company having two SEZ Zone in the same state in the same name. I want to sell one fixed asset which is having ZERO net book value as on 31-Dec-2017 to another SEZ Zone. Please advise the applicability of GST and other things. .

Regards

V.Panchatcharam

[KASTURI SETHI]

In my view no GST is applicable. ZERO net book value is not the basis for my reply. It is ZERO RATED export.

AI Summary

Zero-rated export: no GST on intra-company transfer of fixed assets between SEZ units treated as export.
GST does not apply to the intra-company transfer of a fixed asset between SEZ units; the transfer is characterised as a zero-rated export, and the asset's zero net book value is not the basis for this conclusion.