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GST on Jio Phone

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Student
7053 Points Posted on 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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On 09 March 2019 at 20:14 Report
Replies (16)
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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.
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On 09 March 2019 at 20:40
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Bhopal
1741 Points Posted on 09 March 2019
debatable issue.................
3 Reply
On 09 March 2019 at 20:53
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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  no

184 Reply
On 09 March 2019 at 20:57
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Bhopal
1741 Points Posted on 09 March 2019
no clarification on that till now..........
#achhedin
3 Reply
On 09 March 2019 at 21:01
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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....
33 Reply
On 09 March 2019 at 22:25
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Student
7053 Points Posted on 09 March 2019
So can't we even call it a master plan!
184 Reply
On 09 March 2019 at 22:30
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Bhopal
1741 Points Posted on 09 March 2019
how can it be a security deposit rather than consideration for supply???...... plzz explain.....
3 Reply
On 09 March 2019 at 22:46
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Student
7053 Points Posted on 09 March 2019
Shailendra coz the 1500 deposit made by us to Jio is refundable
184 Reply
On 09 March 2019 at 23:05
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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.....
3 Reply
On 09 March 2019 at 23:10
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student
222 Points Posted on 09 March 2019
may be they have paid gst out of pocket
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On 09 March 2019 at 23:28
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7059 Points Posted on 10 March 2019
thank you and congratulations
33 Reply
On 10 March 2019 at 13:01
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Proprietor
32 Points Posted on 22 May 2019

Hi,

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

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On 22 May 2019 at 18:20
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2 Points Posted on 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
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On 04 July 2019 at 12:08
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Student
7053 Points Posted on 04 July 2019

yes you are right but if not returned by the jio phone customer then GST liability arises for the phones not returned

184 Reply
On 04 July 2019 at 18:47


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