WE HAVE DEVELOPED DISCOUNT COUPON APPLICATION WHEREIN REGISTERED SUPPLIER CAN PUT THEIR DISCOUNT COUPON & CUSTOMER CAN USE DISCOUNT COUPON AT ANOTHER REGISTERED BUSINESSMAN WITH US.
BUSINESSMAN WILL HAVE TO MAINTAIN PREPAID ACCOUNT WITH US .
FROM PREPAID ACCOUNT WE WILL DEDUCT FOLLOWING AMOUNT AS UNDER:-
AT THE TIME OF ISSUE :-RS.1
CUSTOMER CAN REDEEM THAT DISCOUNT COUPON AT ANOTHER REGISTERED BUSINESSMAN & NOT SAME BUSINESSMAN AT TIME OF NEXT PURCHASE:
AT THE TIME OF REDEMPTION RS.25 WILL BE DEDUCTED FROM BUSINESSMAN
OUT OF THAT RS.25, RS.20 WILL BE CREDITED TO CUSTOMER ACCOUNT AS LOYALTY POINTS
I WANT TO KNOW POINT OF SUPPLY UNDER GST FOR ABOVE MENTIONED TRANSACTION :-
1) WHETHER GST WOULD BE APPLICABLE AT TIME OF MAKING PREPAID BALANCE OR DEDUCTING RS.1 ON ISSUE OF DISCOUNT COUPON ?
2) WHETHER ANY GST LIABILITY WILL ARISE AT TIME OF REDEEM OF DISCOUNT COUPON AND IF YES ON WHAT AMOUNT RS.25 OR RE.5 ?
15 June 2019
1 GST WOULD BE APPLICABLE AT TIME OF MAKING PREPAID BALANCE.(GST applicable on advance payment for services) 2 GST LIABILITY WILL ARISE AT TIME OF REDEEM OF DISCOUNT COUPON AMOUNT RS.25.(Adjust it against GST paid on advance above. No need for this GST payment again)
15 June 2019
RESPECTED SIR THANKS FOR REPLY BUT THIS COUPON ARE USED FOR PURCHASING GOODS FROM BUSINESSMAN AND IT IS TREATED AS DISCOUNT COUPON STILL GST WOULD BE APPLICABLE AT REEDEEM ALSO ?
CAclubindia
