Author: Rishit Shah

When an SEZ unit purchases services from a Regular–SEZ dealer, GST treatment depends on the mode of taxation—either with payment of IGST or under an LUT/Bond without payment of tax. Here’s a detailed breakdown: 1. Nature of Transactions for Purchase of Service from a Regular – SEZ Dealer as a SEZ unit in TallyPrime 2.…

When a Special Economic Zone (SEZ) unit purchases services from a Regular dealer, these transactions are treated under specific GST provisions. The treatment depends on whether the supply of services is made under payment of IGST or LUT/Bond (without payment of tax). Here’s a detailed explanation: 1. Nature of Transactions for Purchase of Services from…

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…

Here’s an explanation of the natures of transactions and relevant sections in GSTR-1, GSTR-3B, and GST Annual Computation (GSTR-9) for the purchase of goods from a Regular Dealer as an SEZ unit: 1. Nature of Transactions for Purchase of Goods from a Regular Dealer as an SEZ Unit in TallyPrime 2. Reporting in GSTR-1 (By…

Here’s a detailed explanation of the natures of transactions and their corresponding sections in GSTR-1, GSTR-3B, and GST Annual Computation (GSTR-9) for sales of services to a Regular-SEZ dealer by an SEZ unit: 1. Nature of Transactions for Sales of Service to SEZ dealer as SEZ unit in TallyPrime 2. Reporting in GSTR-1 for Sales…

Here’s an explanation of the Natures of Transactions and the corresponding sections in GSTR-1, GSTR-3B, and GST Annual Computation (GSTR-9) for sales of services to a Regular dealer as an SEZ unit: 1. Nature of Transactions in TallyPrime 2. Reporting in GSTR-1 in TallyPrime Purpose: Captures outward supplies. 1. Table 6A: Exports 2. Table 12:…

Here’s an explanation of the Natures of Transactions and the respective sections where these sales are reported in GSTR-1, GSTR-3B, and GST Annual Return (GSTR-9) for sales of goods to a Regular – SEZ dealer as a SEZ unit: 1. Nature of Transactions in TallyPrime 2. Reporting in GSTR-1 in TallyPrime Purpose: Captures outward supplies…

In TallyPrime, recording the purchase of services from a Regular – SEZ company as an SEZ unit involves steps similar to regular service purchases but includes configurations specific to the GST treatment applicable between SEZ units. SEZ units enjoy certain tax benefits, and transactions between SEZs may attract GST or be exempt based on regulations.…

In TallyPrime, recording the purchase of services from a Regular company as an SEZ unit involves precise steps to ensure GST compliance and proper accounting treatment. As SEZ units typically enjoy exemptions, the responsibility for GST often shifts to the supplier, making it crucial to document such transactions accurately. 1. Steps to Record the Purchase…

In TallyPrime, recording the purchase of goods from a Regular-SEZ Party as an SEZ Unit involves specific configurations to ensure compliance with GST regulations. SEZ (Special Economic Zone) businesses are governed by distinct tax rules, which require accurate representation of inter-SEZ transactions. 1. Steps to Record the Purchase of Goods from SEZ Party as an…