SEZ NON SEZ

TRANSACTION
TRANSACTION GST PAYABLE TRANSACTION GST PAYABLE
CHART
Output GST Input GST Net Payable Output GST Input GST Net Payable

A Final Bill Value 66 55 000 - - - Final Bill Value 78 52 900 - 11 97 900 -

CLIENT ITC Reversal (-) 11 97 900
Note -1

B Sale Bill (to A) Sale Bill (to A)

CONTRACTOR Invoice Cost 60 50 000 - 10 89 000 (-) 10 89 000 Invoice Cost 60 50 000 11 97 900 10 89 000 1 08 900
Proft @10% 6 05 000 Proft @10% 6 05 000
66 55 000 [Refundable or 66 55 000
Add : GST 18% - It will be adj. Add : GST 18% 11 97 900
66 55 000 in other proj. 78 52 900
Liabilies]

C Sale Bill (to B) 10 89 000 9 90 000 99 000 Sale Bill (to B) 10 89 000 9 90 000 99 000
SUB-COTRACTOR Invoice Cost 55 00 000 Invoice Cost 55 00 000
Proft @10% 5 50 000 Proft @10% 5 50 000
60 50 000 60 50 000
Add : GST 18% 10 89 000 Add : GST 18% 10 89 000
71 39 000 71 39 000

D Sale Bill (to C) 9 90 000 - 9 90 000 Sale Bill (to C) 9 90 000 - 9 90 000
SUPPLIER Invoice Cost 50 00 000 Invoice Cost 50 00 000
(TO SUBCONTRACTOR) Proft @10% 5 00 000 Proft @10% 5 00 000
55 00 000 55 00 000
Add : GST 18% 9 90 000 Add : GST 18% 9 90 000
64 90 000 64 90 000

Note 1
If client -A is an end user…
then, this ITC amount of Rs.11,97,900/- is not eligible to take as Input Tax Credit by them. They have to reverse this amount as non eligible ITC in their GST Returns.

If client -A is further sell this property to others…

then, this ITC amount of Rs.11,97,900/- is eligible to take as Input Tax Credit by them. He can claim it as Input tax Credit and set off it with their Output GST Liability.
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