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

AI Summary

GST Not Applicable on SEZ-to-SEZ Fixed Asset Sale Due to Zero-Rated Export Status, Not Zero Net Book Value An individual from a Special Economic Zone (SEZ) developer company inquired about the applicability of Goods and Services Tax (GST) on selling a fixed asset with zero net book value from one SEZ to another within the same state. The respondent advised that GST is not applicable, emphasizing that the zero net book value is not the reason for this conclusion, but rather because it is considered a zero-rated export.