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
- Transaction Type: Sales of services.
- Supply Type: Inter-State Supply.
- Taxability:
- Zero-rated supply (services provided by SEZ units qualify as zero-rated supplies under GST).
- Can be under:
2. Reporting in GSTR-1 for Sales of Service to SEZ dealer as SEZ unit in TallyPrime
Purpose: Captures outward supplies.
- Table 6B: Supplies to SEZ (services):
- Supplies with IGST payment.
- Table 6C: Supplies to SEZ without payment of tax:
- For zero-rated supplies executed under LUT/Bond.
- Table 12: HSN Summary of Outward Supplies:
- Records the HSN code (SAC for services), taxable value, and tax rate.
Example:
- Service Provided: Consultancy for ₹1,00,000.
- Tax Rate: 18% IGST.
For IGST paid:
- Taxable Value: ₹1,00,000.
- IGST: ₹18,000.
For LUT/Bond:
- Taxable Value: ₹1,00,000.
- Tax Payable: ₹0.
3. Reporting in GSTR-3B for Sales of Service to SEZ dealer as SEZ unit in TallyPrime
Purpose: Monthly summary of transactions and ITC.
- Table 3.1(b): Zero-rated supplies:
- Records zero-rated services whether under IGST or LUT/Bond.
- Table 3.2 (Inter-State Supplies):
- Includes inter-state supplies to SEZ dealers, with state details.
Example:
For IGST Paid:
- Zero-rated supplies: ₹1,00,000.
- IGST: ₹18,000.
Under LUT/Bond:
- Zero-rated supplies: ₹1,00,000.
- Tax Payable: ₹0.
4. Reporting in GST Annual Computation (GSTR-9) Sales of Service to SEZ dealer as SEZ unit in TallyPrime
Purpose: Consolidates annual data of supplies.
- Table 5C: Supplies to SEZ without payment of tax:
- For supplies under LUT/Bond.
- Table 4C: Supplies to SEZ with payment of tax:
- For zero-rated supplies with IGST paid.
- Table 17: HSN-wise Summary of Supplies:
- Detailed information for service codes (SAC), taxable values, and taxes paid.
Example:
For IGST paid:
- Taxable Value: ₹1,00,000.
- IGST: ₹18,000.
Under LUT:
- Taxable Value: ₹1,00,000.
- Tax: ₹0.
5. Steps to Record in TallyPrime
- Enable GST:
- Activate GST and mark the entity as SEZ Unit in TallyPrime settings.
- Create Ledgers:
- Record the Invoice:
- Specify the service description, taxability (with/without tax), and taxable value.
- Generate GST Reports:
- Navigate to Display More Reports → GST Reports → GSTR-1/GSTR-3B.
6. Benefits of Accurate Classification in TallyPrime
- Compliance: Aligns with GST law for SEZ supplies.
- Tax Credits: Allows the recipient to claim ITC.
- Simplified Filings: Reduces errors in monthly and annual returns.
- Audit Readiness: Ensures transparent reporting and smooth audits.
By following this classification, SEZ units can maintain proper compliance and streamline their GST filing process effectively.
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