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GST on Jio Phone

Priya Kashyap (Student) (7048 Points)

09 March 2019

is the Jio phone subject to GST tax law? where 1500 RS is refundable as a security deposit?
reliance evaded itself from tax liability??

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16 Replies

Fan of Nm (411 Points)
Replied 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)
Replied 09 March 2019

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

Priya Kashyap (Student) (7048 Points)
Replied 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

1 Like

shailendra shukla (Bhopal) (1741 Points)
Replied 09 March 2019

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

pritesh (CA Final student) (7101 Points)
Replied 09 March 2019

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

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

1 Like

Priya Kashyap (Student) (7048 Points)
Replied 09 March 2019

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

1 Like

shailendra shukla (Bhopal) (1741 Points)
Replied 09 March 2019

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

Priya Kashyap (Student) (7048 Points)
Replied 09 March 2019

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

shailendra shukla (Bhopal) (1741 Points)
Replied 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.....

1 Like

durgesh (student) (222 Points)
Replied 09 March 2019

may be they have paid gst out of pocket

subhagan sreerangam (7039 Points)
Replied 10 March 2019

thank you and congratulations

Deepak Jain (Proprietor) (32 Points)
Replied 22 May 2019

Hi,

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

1 Like

Garg Garg (2 Points)
Replied 04 July 2019

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