ONE IS COMPANY HAVING ITS OFFICE IN MUNDRA SEZ. COMPANY IS REGISTERED UNDER GST ACT.
ANOTHER IS TRUST HAVING SCHOLL IN MUNDRA SEZ, NOT REGISTERED IN SEZ.
NOW, COMPANY SUPPLIES SERVICE OF RENTING IMMOVABLE PROPERTY TO SCHOOL (PROPERTY IS IN SEZ).
WHETHER SUCH SUPPLY IS TAXABLE SUPPLY B2C OR ZERO RATED SUPPLY ? YES/NO WHY?
WHERE TO REPORT SUCH TRNSACTION IN GSTR-1 IF SAME IS TREATED AS ZERO RATED SUPPLY?
Services in SEZ: Renting to Unregistered Trust Taxed with IGST, Not Zero-Rated. Report in Table 8 of GSTR-1. A discussion on the taxability of services provided by a registered company to an unregistered trust within a Special Economic Zone (SEZ) focused on whether the service is considered a taxable supply or zero-rated supply. The company rents immovable property to the trust, which is located in Mundra SEZ. The consensus was that the supply is taxable with Integrated Goods and Services Tax (IGST) since the trust is not registered under GST, and the transaction should be reported in Table 8 of GSTR-1. The trust, being in a non-processing area, does not qualify for zero-rated benefits. (AI Summary)
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