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Gst - query

B.N.Dharmendra (Senior Manager Indirect Taxation) (136 Points)

06 May 2017

1. Movement of goods within our depots within the State and Interstate should we charged Tax 2. Whether giving Samples and Free goods should also be Invoice and Taxed 3. Is it statutory obligation to hire the service of ISD, cant we directly upload the data as in the present system in TN Sales Tax 4. Classification of Commodity is expected around 20th May17, dont we as dealer require atleast 3 months time to equip ourselves to GST scenario

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2 Replies

Vinod Araveti (Practicing CA) (1180 Points)
Replied 06 May 2017

Dear Dharmendra,

i) If you obtain centralized registration for all the depots which are located in the same state then the stock transfer between those depots is not liable for GST. Ohterwise GST is applicable on those stock transfer.

II) The stock transfer between the depots located in different states is liable for GST. However that receving depot can take the credit on that, so no need of worry but cash flow will be effected.

III) The supply of goods as samples or free of cost is liable for GST. the value on which we should pay GST is prescribed in GST valuation rules.

IV) regarding query you asked about the hiring of service of ISD, i think it is about hiring the service of TRP. It is not mandatory to hire the service of TRP.

A.R.Gupta (as) (24 Points)
Replied 08 May 2017

I want to know what is rate of tax ingst on supply value in GST and what is rate of TDS and what is rules of compounding if my clients turnover is above 100 crore and he has get order under section 34(5) of U P Vatican Act 2008 on 7-5-2008 for vat TDS @ 2.5%instead of regular vat TDS @ 4%>