24 August 2016
Kindly advice me on below questions 1) What will be the impact on State subsidies available to SME,MSME & large sized companies? Is it to be continued as the same manner? 2) Is transportation services covered in GST? Suggest exemption also. 3) Can input credit be availed on Input services related building construction? 4) Impact on cash Flow? 5) Kindly give example of import purchases. 6) What about Reverse charge service mechanism?
24 August 2016
01. Transitional provision shall come into play for all such matters. 02. Yes...it will come under reverse charge 03. need to wait for notifications for construction services. 04. likely to be favourable in some cases, or adverse in some cases 05. import is to be construed as per the territory 06. reverse charge would be very much there
CAclubindia
