Namaskar ev1, My client's business is supplying boats in projects operated in seas. He is a Mumbaikar, his client is in Delhi, and supllying boats in sea of Mumbai. Now d twist is whether we should charge CGST & SGST in Invoice or IGST. This transaction is Intra-satate or Inter-state ?? Please advice ASAP
Menu
Interstate Sales
Replies (5)
Quick Summary
As per the provisions of Section 10 (1) , place of supply is the location of goods at which the movement of such goods terminates, in such case it shall be intra state supply since the goods are in sea of Mumbai( with in the definition of India).
As per Section 10 (2) if the goods are delivered to recipient or other person' on direction of the third person , then the place of supply shall be the principal place of business of such third person.If he is in another state , transaction shall be treated as Inter state Transaction.
dEAR Keerti, This is not goods, it is services of supplying boats on hire basis.
As per Section 12(3), in case Service by way of grant of rights to use Boats / Vessels, Location of the Boat / Vessel is the Place of Supply.
Hence the Place of Supply in your case is Mumbai and the transaction is Intra-State Transaction. You have to charges CGST and SGST.
Yes agree with above view.
Jayprakashji Ok Thnx a lot
Recent Topics :
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
Related Topics :
CAclubindia
