Gst on reverse charge

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accountant
213 Points Posted on 24 February 2020
sir
my company registered in Punjab
and gta received me register party party is registered in Punjab but stock send to up
what is the treatment of reverse charge deposit in igst or cgst sgst plz clearfy
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On 24 February 2020 at 17:37 Report
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Quick Summary
This discussion clarifies the Goods and Services Tax (GST) implications for a GTA registered in Punjab when handling stock sent to Uttar Pradesh. The key factor determining tax liability (IGST vs. CGST/SGST) is the 'place of supply'. If the place of supply differs from Punjab, IGST is applicable. If both the billing party and place of supply are within Punjab, CGST and SGST apply.

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Manger Accounts & Finance
363 Points Posted on 24 February 2020
CSGT/SGST to be paid on this transaction
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On 24 February 2020 at 18:03
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73 Points Posted on 24 February 2020
If palce of supply is different from Punjab then there will be igst applicablem
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On 24 February 2020 at 18:46
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accountant
213 Points Posted on 24 February 2020
Bill to Punjab and place of supply is up
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On 24 February 2020 at 20:35
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account -GST
1560 Points Posted on 24 February 2020
Basic funda is if GTA is registered and received payment from registered party then POS is registered party's location and tax will be either IGST if out side state and CGST and SGST within state. if GTA is URD then CGST and SGST applicable.
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On 24 February 2020 at 22:24

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