GST on Jio Phone

Fan of Nm

411 Points Posted on 09 March 2019

When something is without consideration, GST doesn't apply (Unless it's Schedule I item). So JIO hasn't evaded GST. If you think that's evasion, I pity your thinking though.

shailendra shukla

Bhopal

1741 Points Posted on 09 March 2019

debatable issue.................

Priya Kashyap

Student

7053 Points Posted on 09 March 2019

so how and when will the jio phones be taxed under GST,

@ FANOFNM, I LOVE MY COUNTRY AND ITS COUNTRYMEN....YOU DONT HAVE TO TEACH ME THAT

shailendra shukla

Bhopal

1741 Points Posted on 09 March 2019

no clarification on that till now..........
#achhedin

pritesh

CA Final student

7106 Points Posted on 09 March 2019

Such a big company.. reliance..will not evade tax...

and in security deposit you are not required to collect tax....

Priya Kashyap

Student

7053 Points Posted on 09 March 2019

So can't we even call it a master plan!

shailendra shukla

Bhopal

1741 Points Posted on 09 March 2019

how can it be a security deposit rather than consideration for supply???...... plzz explain.....

Priya Kashyap

Student

7053 Points Posted on 09 March 2019

Shailendra coz the 1500 deposit made by us to Jio is refundable

shailendra shukla

Bhopal

1741 Points Posted on 09 March 2019

still as the co. is supplying the cellphone..... a direct linkage can be established(an imp aspect of consideration) and as the consideration is there, it should be taxed?...... please explain.....

durgesh

student

222 Points Posted on 09 March 2019

may be they have paid gst out of pocket

subhagan sreerangam

7059 Points Posted on 10 March 2019

thank you and congratulations

Deepak Jain

Proprietor

32 Points Posted on 22 May 2019

Hi,

Yes it is a Master plan and GST avoided but not evaded.

It means we can save gst on all fixed assets by taking security deposit as it's consideration and telling that we will refund your money if you bring back our asset after 10-15 year in prescribed condition and we know nobody can return assets in well condition like jio phone can not be used for 3 years