In respect of exchange of goods, namely gold watch for restaurant services will the transaction be taxable as two different supplies or will it be taxable only in the hands of the main supplier?
No. In the above case the transaction of supply of watch from consumer to the restaurant will not be an independent supply as the same is not in the course of business. It is a consideration for a supply made by the restaurant to him. The same will be a taxable supply by the restaurant.
रिवर्स चार्ज दोनों वस्तुओं और सेवाओं के लिए लागू है.
The amount of TCS paid by the operator to the government will be reflected in the GSTR-2 of the actual registered supplier (on whose account such collection has been made) on the basis of the statement filed by the operator. The same can be used at the time of discharge of tax liability in respect […]
The e-commerce operator should make the collection during the month in which the consideration amount is collected from the recipient.
Will threshold exemption be available to electronic commerce operators liable to pay tax on notified services?
No. Threshold exemption is not available to e-commerce operators who are required to pay tax on notified services supplied through them.
Yes. As per Section 24(x) of the CGST Act, 2017 the benefit of threshold exemption is not available to e-commerce operators and they are liable to be registered irrespective of the value of supply made by them.
Whether GST is payable on royalty (to be paid to Government) for Mining Lease granted by State Govt.
Yes, on royalty GST will apply under reverse charge mechanism. Further, such payment of GST under reverse charge mechanism would be eligible as ITC in the hands of the recipient of supply for payment of GST.
In case no supplies are made against an advance, will the dealer have to issue a “refund voucher” only for the advance or for advance including GST?
Refund voucher has to be made for the full value of advance, including the amount of GST.
Yes, as per section 31(3)(d) of the CGST Act, 2017 the supplier has to issue a “receipt voucher” for every advance received.