refund claim by sez

[Madhavan iyengar]

Can a GST regd unit located in SEZ claim refund of ITC in respect of supplies on which it has paid the tax on input services received by it

experts kindly give your views

AI Summary

Can SEZ units claim a refund of Input Tax Credit on input services under GST? Discussing sections of IGST and CGST Acts. A discussion on a forum addressed whether a GST-registered unit in a Special Economic Zone (SEZ) can claim a refund of Input Tax Credit (ITC) for taxes paid on input services. One expert noted that supplies to SEZ units are GST-exempt, so the SEZ unit should not pay GST, but suppliers can claim a refund of unutilized ITC. Another mentioned the option to pay GST and then claim a refund. Additional queries and clarifications were requested regarding the nature of services and applicable periods, referencing relevant sections of the IGST and CGST Acts and a specific notification.