business having maintenance and repair of motor vehicles parts and braking system, whether it's supplier of services or goods or both
and whether it's compulsory to obtain PTRC and PTEC
VIKAS ESNAPURAM
(CA-JOB)
(226 Points)
Replied 12 August 2021
As per Schedule 2 of CGST ACT,
Any treatment or process which is applied to another person's goods is a supply of services.
And you are maintaining and repairing the motor vehicles where is the point of you treating it as the supply of goods
Hence it is the supply of service and to be dealt with accordingly.
Deven
(Senior Audit Manager)
(44 Points)
Replied 12 August 2021
VIKAS ESNAPURAM
(CA-JOB)
(226 Points)
Replied 12 August 2021
Please tell the state because it varies from state to state.
VIKAS ESNAPURAM
(CA-JOB)
(226 Points)
Replied 12 August 2021
Yes, you should get both even if you have a single payable employee also you should take PTRC, and PTEC is however mandatory.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
