Clarification regarding payment of GST by a unit in International Financial Services Centre SEZ for procurement of input service on which GST is payable on reverse charge basis.

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....ent of Revenue (Central Board of Excise and Customs) (Tax Research Unit) ******** Dated: 18.12.2017 Subject: Clarification regarding payment of GST by a unit in International Financial Services Centre SEZ for procurement of input service on which GST is payable on reverse charge basis - reg. Kind reference is invited to the representations dated 12.10.2017 seeking clarification o....

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.... unit has been prosecuted for any offence under the CGST or IGST Acts or any other existing law in force where the amount of tax evaded exceeds two hundred and fifty lakh rupees, a Bond with suitable bank guarantee instead of Letter of Undertaking is required. This facility is available to the supplier of goods or services who is required to pay integrated tax under forward charge for the supplies....

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....specified under notification No. 13/2017-CT(Rate) falls upon the unit in SEZ or the SEZ developer. It is, therefore, clarified that a unit in SEZ or the SEZ developer can procure such services, where they are required to pay GST under reverse charge, without payment of integrated tax provided the actual recipient, i.e., unit in SEZ or SEZ developer, furnishes a Letter of Undertaking in place of a ....