Refund of vat in SEZ

[Guest]

wether vat refund in sez is refundble please let me know.

AI Summary

VAT Refunds for Supplies in SEZs: Zero-Rated or Exempt? Check KVAT Chapter II, Section 20 for Details. A query was raised regarding the refundability of VAT in Special Economic Zones (SEZ). Two responses were provided. The first response indicated that supplies to SEZs are typically zero-rated or exempt from VAT, and if VAT was paid, it should be refundable, suggesting verification with the relevant authority. The second response referenced the Karnataka Value Added Tax (KVAT) Chapter II, Section 20, which exempts tax on sales from SEZs and allows for refunds on tax paid for goods purchased from SEZs.