Purchase of Goods from a SEZ Dealer as an SEZ Unit in TallyPrime: Sections in GST Returns

Nature of Transactions and Reporting Sections for Purchase of Goods from a Regular – SEZ Dealer as an SEZ Unit in TallyPrime

When an SEZ unit purchases goods from a Regular or another SEZ dealer, the transaction falls under the category of zero-rated supply under GST.

Below is a detailed explanation of how such transactions are categorized and reported in GST returns using TallyPrime.

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1. Nature of Transactions for Purchase of Goods from a SEZ Dealer as an SEZ Unit in TallyPrime

1. Transaction Type: Purchase of goods.
2. Supplier Type: Regular Dealer or SEZ Dealer.
3. Tax Treatment:
   • Supplies by SEZ dealers are zero-rated under GST:
     • With payment of IGST: Tax invoice includes IGST.
     • Without payment of IGST: Supply made under LUT/Bond.

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2. GST Reporting for Purchase of Goods from a SEZ Dealer as an SEZ Unit in TallyPrime

1. GSTR-1 (For Supplier)

• Table 6B: Supplies to SEZ units with payment of tax.
  • Example: Purchase of goods worth ₹5,00,000 with IGST of ₹90,000.
• Table 6C: Supplies to SEZ units without payment of tax.
  • Example: Purchase of goods worth ₹5,00,000 under LUT/Bond.

2. GSTR-3B (For SEZ Unit)

• Table 4A (Eligible ITC):
  • Claim Input Tax Credit (ITC) for purchases with IGST payment.
• Table 5 (Exempt/Nil-rated/Non-GST inward supplies):
  • Record zero-rated supplies without tax.

3. GST Annual Computation (GSTR-9)

• Table 4:
  • Captures purchases from SEZ dealers with IGST payment.
• Table 5:
  • Includes zero-rated purchases under LUT/Bond.

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3. Example Scenarios for Purchase of Goods from a SEZ Dealer as an SEZ Unit in TallyPrime

Scenario 1: Purchase with IGST

• Purchase Value: ₹10,00,000
• IGST Charged: ₹1,80,000

Reporting:

• GSTR-1 (Supplier): Table 6B.
• GSTR-3B (SEZ Unit):
  • Table 4A for ITC claim of ₹1,80,000.
• GSTR-9 (SEZ Unit):
  • Table 4: Reflects IGST credit.

Scenario 2: Purchase Without IGST (Under LUT)

• Purchase Value: ₹10,00,000
• IGST Charged: ₹0

Reporting:

• GSTR-1 (Supplier): Table 6C.
• GSTR-3B (SEZ Unit):
  • Table 5 for zero-rated inward supply.
• GSTR-9 (SEZ Unit):
  • Table 5: Zero-rated purchases.

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4. Steps to Record Purchase of Goods from a SEZ Dealer as an SEZ Unit in TallyPrime in TallyPrime

1. Enable GST and SEZ Features

• Go to F11: Features → Statutory & Taxation.
• Enable GST and select SEZ under GST Classification.

2. Create Required Ledgers

• Purchase Ledger:
  • Under Group: Purchases.
  • GST Details: Select SEZ purchase.
• GST Ledger:
  • IGST Ledger: Under Duties & Taxes → GST.
• Supplier Ledger:
  • Add GSTIN and select SEZ type.

3. Record the Purchase

• Open Voucher → Purchase.
• Enter supplier details, GST classification, and item details.
• Specify IGST (if applicable) or mark as zero-rated under LUT.

4. View Reports

• GSTR-3B: Display GST Reports → GSTR-3B.
• GSTR-9: Use Annual Computation to verify yearly data.

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5. Benefits of Accurate Reporting in TallyPrime

1. Compliance: Ensures adherence to GST provisions for SEZ units.
2. Tax Optimization: Facilitates ITC claims for IGST-paid purchases.
3. Audit Readiness: Maintains error-free and transparent records.
4. Simplified GST Filing: Prepares data for automated returns filing.

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By understanding and recording these transactions correctly in TallyPrime, businesses operating as SEZ units can ensure smooth compliance with GST rules while benefiting from zero-rated provisions.