TaxTMI 
TaxTMI 
Deemed Credit of SEZ goods
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....eemed Credit of SEZ goods<br> Query (Issue) Started By: - Pranay Jain Dated:- 3-5-2017 Last Reply Date:- 4-5-2017 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Whether deemed credit of 40% i....
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....n CSGT will be available to first stage dealer on SEZ goods in his stock on appointed date 01st Jul17. Reply By Govind Gupta: The Reply: Hi Pranay let us go into more details, ideally if goods have....
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.... been subjected to any tax incidence, then ideally there should not be any credit available, the law is drafted to bring everyone on same level whether it is trader/manufacturer and when they were not....
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.... able to claim credit of input tax earlier, they will be able to under the GST law. regards Govind Reply By Govind Gupta: The Reply: it should be read, if goods have not been subjected to any inci....
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....dence of tax Reply By Pranay Jain: The Reply: True, but suppose I am second stage dealer and have received same SEZ (Excise exempted) goods from first stage dealer or any other second stage dealer t....
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....han would I be entitled for 40% deemed credit as I have no way to determine which goods are excise paid or from SEZ.<br> Discussion Forum - Knowledge Sharing ....