SEZ Units Exempt from GST under RCM for Specified Services if they furnish LUT/Bond: AAR [Read Order]
It was held that the applicant, an SEZ unit, is not required to pay GST under RCM on specified services under notification No. 10/2017-IT(Rate) dated 28.06.2017 as amended from time to time, subject to furnishing a LUT or bond as specified in condition (i) of para 1 of Notification No. 37/2017 - Central Tax dated 4.10.2017
The Gujarat Authority for Advance Ruling ( AAR ) has ruled that Special Economic Zone ( SEZ ) Units are exempted from Goods and Service Tax ( GST ) under the Reverse Charge Mechanism ( RCM ) for Specified Services if they furnish a Letter of Undertaking ( LUT )/Bond. M/S Waaree Energies Limited, the…
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