Taxmann's GST on Works Contract & Real Estate Transactions

CONTENTS

E G A P

I T R A P

BACKGROUND T S G f o d n u o r g k c a B

? x a T s e c i v r e S d n a s d o o G s i t a h W

’ e c i v r e s ‘ f o n o i t i n i f e d d a o r B

T S G f o s e t a R

s e c i v r e s d n a s d o o g n o s s e C n o i t a s n e p m o C T S G

e u n i t n o c o t ’ e l a s d e m e e d ‘ f o n o i t i n i f e D

l i c n u o c t c i r t s i d f o s r e w o p n o i t a x a T

) N T S G ( k r o w t e N x a T s e c i v r e S d n a s d o o G

s n o i t c a s n a r t e t a t S r e t n i r o f T S G I

) T S G T U ( x a T s e c i v r e S d n a s d o o G y r o t i r r e T n o i n U

t c A T S G C

t c A T S G S

TAXABLE EVENT IN GST

t n e v e e l b a x a t f o g n i n a e M

w a l T S G r e p s a y l p p u S

28

2.2

26

1.12

27

2.1

26

1.11

I-5

21

1.9

20 1.7

24

1.10

20 1.8

20 1.6

10 1.4

4 1.2

19 1.5

6 1.3

3 1.1

I-17 Acronyms in GST

BASICS OF GST

1

2

S T N E T N O C

E G A P

s s e n i s u B

s e c i v r e s d n a s d o o g f o y l p p u s d e m e e D

f o y l p p u s r e h t i e n e r a h c i s h e wc i sv nr oe i s t c f ao s y nl ap r p t u rs or so e n i t i s v d i o t c o Ag

h c i h w y t i r o h t u a l a c o l r o t n e m n r e v o G y b d e de i l v b oa rx pa st e t co i n v r e e r Sa y l p p u s e t i s o p m o c d n a y l p p u s d e x i M f o e s a c n i y t i l i b a i l x a T ’ s d o o g ‘ f o g n i n a e M

m i a l c e l b a n o i t c A

d n a e s a h c r u p e r i H e t a d e r u t u f t a s de os oa ge l fl o a i yc l p n pa n ui Sf ’ e c i v r e s ‘ r o n ’ s d o o g ‘ r e h t i e n e r a s e i t i r u c e S

s e c i v r e S f o y l p p u S

CLASSIFICATION OF GOODS AND SERVICES

n o i t a c i f i s s a l c r o f d e e N

N S H f o w e i v r e v O

f f i r a T n i R I G f o n o i t a c i l p p A

s g n i d a e h s u o i r a v n e e w t e b t c i l f n o c f o e s a c n i n o i t a c i f i s s a l C

n o i t a c i f i s s a l c o t g n i t a l e r s n o i s i v o r p r e h t O

s e c i v r e s f o n o i t a c i f i s s a l C

VALUE OF TAXABLE SUPPLY OF GOODS OR SERVICES OR BOTH

n o i t a u l a v r o f s i s a b s i e u l a v n o i t c a s n a r T

t n e m n r e v o G n a h t r e h t o y l p p u s o t d e k n i l y l t c e r i d ss e e i i d d i i s s bb uu Ss

y l p p u s r e t f a n e v i g e v i t n e c n i r o t n u o c s i D

’ n o i t a r e d i s n o c ‘ f o g n i n a e M

’ n o s r e p d e t a l e r ‘ f o g n i n a e M

70

4.5

o n f i n e v e ’ y l p p u s ‘ s a e l b a x a t e b l l i w t a h t n so ni t oa i t r c e ad s i ns an r o Tc

67

4.4

63

4.2

63

4.3

59

4.1

56 3.5

54 3.3

57

3.6

55 3.4

51 3.2

48 2.13

49 3.1

48 2.12

46 2.10

44 2.8

48 2.11

46 2.9

44 2.7

35 2.4

39 2.6

36 2.5

29 2.3

I-6

3

4

S T N E T N O C

I-7

E G A P

e l b a n i a t r e c s a t o n e u l a v n e h w e u l a v f o n o i t a n i m r e t e D

t n ne eg ea wn ta e h bg hu t o o r bh rt on a sh e ct i r v e r h e t s o r, os n so ds or oe gp fd o e ya t l p l e pr ur so ft o c en ut i l s a i Vd

t s o c n o d e s a b h t o b r o s e c i v r e s r o s d o o g f o y l p p u s f o e u l a V d n o c e s g n i l l e s d n a g n i y u b n i n o i t a u l a v r o f e m es hd co s o ng i g d r n a a Mh t n e g a e r u p f o e s a c n i s e c i v r e s f o y l p p u s f o e u l a V

77

f o y l p p u s f o e u l a v f o n o i t a n i m r e h t t e o db rr oo f s de oc hv i t e r e ms lr a o us dd i s o e o Rg s e s n e p x e f o t n e m e s r u b m i e R n o T S G

INPUT TAX CREDIT (ITC)

T S G f o n o i s i v o r p e r o c s i C T I

t i d e r c x a t t u p n i g n i k a t f o r e n n a M

t i d e r C x a T t u p n I g n i l i a v a r o f s t n e m e r i u q e R

r o f e l b i g i l e n i s e c i v r e s d n a s d o o g f o y l p p u S t i d e r c d e k c oC l T B I

INPUT TAX CREDIT WHEN EXEMPTED AS WELL AS TAXABLE SUPPLIES MADE

e l b a x a t r o s s e n i s u b r o f d e s u y l t r a p n e h w C T I e t a n o i s t e r i ol pp op ru Ps

C F B N d n a I F , s k n a B f o t c e p s e r n i s n o i s i v o r p l a i c e p S

r o f d e s u y l t y r l a p pp u ns et hp wm te i d x ee r r c o xf ay t l t tr u a pp nd i fn o a nl y op i t p a u ns i e ml rb e a t x e a Dt

l a t i r p o af cy fl t o r ta c ep pd sn e a r y nl i p tp i u d es r e c l b xa ax t a tt u r po nf i y fl o t r y na l op p i t p du a e ns s i t mup sm rd e t o e e ox Dg e

n e k a t t o n C T I s n a e m t i d e r C x a T t u p n I f o l a s r e v e R

132

6.5

e u l a v f o n o i t a n i m r e t e d r o f y c n e r r u c f o e g n a h c x e f o e t a R

125

6.4

118

6.3

117

6.2

88 5.3

114

6.1

97 5.4

85 5.2

80 4.13

82 5.1

78 4.12

77 4.11

4.9

71 4.7

76 4.10

73 4.8

71 4.6

5

6

S T N E T N O C

E G A P

INPUT TAX CREDIT - OTHER ISSUES s s e n i s u b f o e l a s r o n o i t a m a g l a m a , r e g r e M

r o t p m e xe em ee h mc os cn eo bi t si ds oo op gm fo i tc i o d t es r e c h xc ai t t tw u s pn no i s fr o e lp a e s l r b e a vx ea Rt n e k a t y l g n o r w C T I f o y r e v o c e R

INPUT SERVICE DISTRIBUTOR (ISD) r o t u b i r t s i D e c i v r e S t u p n I f o e s o p r u P

e c i v r e S t u p n I y b t i d e r c f o n o i t u b i r t s i d r fo o t ru e b i nr nt s ai MD

r o t u b i r t s i D e c i v r e S t u p n I y b e c i o v n I x a T

D S I y b n r u t e r y l h t n o M

t u p n I y b t i d e r c x a t t u p n i f o n o i t u b i r r t o s t i u d b ri ot r f s ei r D ue dc ei cv or re PS

PLACE OF SUPPLY OF GOODS OR SERVICES

y l p p u s f o e c a l p f o e c n a t r o p m I

s t r o p x e d n a s t r o p m i n a h t r e h t o s d o o g f o y l p p u s f o e c a l P

n o i t c a s n a r t o t p i h s o t l l i B

f o t r o p m i r o t r o p x e t p en co xi ei s ev co i r v p r e y s r fa o u d yi l s p pe uR sfs o e c ei cv ae r l P s

o t g n i t a l e r l e ys l t s c e ev r i r d o st e a s o a cb n ni i g sn e i cg i d v r o e l s r fo o y t yr l p e pp uo sr fp o e l eb ca av l o p em hm Ti

s e cs i e v c r i e v s r de es s h a t l ba ee ch nt , an me rm ot f a r e e r Pt

y t u a e b , t n a r u a t s e R

d n a r e i l p p u s f o n o i t a c o l a fd i i sn e I cn i i v r s i e s e fi c o v r ye l p s pf uo st fn o e i ep cc i ae l P r

e c i v r e s l a s i a r p p a e c n a m r o f r e p d n a g n i n i a r T

164

i.e.

142

r o f e l b i g i l e s e m o c e b n o s r e p e l b a x a t n e h w t i d e r C xe am Ti tt u t s pr nf i I

9.3

164

9.8

162

9.7

162

9.6

159

9.5

158

9.4

156

9.2

149 8.5

152

9.1

149 8.4

146 8.2

148 8.3

145 8.1

s d o o g l a t i p a c f o t i d e r C x a T t u p n I 7.2

144 7.5

138 7.4

135 7.3

133 7.1

I-8

7

8

9

S T N E T N O C

I-9

E G A P

s e c i v r e s d e s a b t n e v e r e h t O s d o o g f o n o i t a t r o p s n a r T

e c i v r e s n o i t a t r o p s n a r t r e g n e s s a P

g n i t a n i g i r o e c n a y e v n o c a d r a o b n o e c i v r e S

, g n i t s a c d a o r b , r e f s n a r t a t a d , e c i v r e s n o i t a c i n u m m o c eH l T e TD s e c i v r e s l a i c n a n i f r e h t o d n a g n i k n a B e c i v r e s e c n a r u s n I

t n e m n r e v o G o t s e c i v r e s t n e m e s i t r e v d A

s e c i v r e s y r a u d i s e R e s a c n i y l p p u s f o e c a l P

s t r o p m i d n a s t r o p x e f o e s a c n i y l p p u s f o e c a l P

n i h t i w ’ y l s p t pr uo sp x fe o ed cn aa l p s ‘ t r fo o sp nm oi i f s o i v e os rr pu fo o c nn oi sd i r n a a pa md i on CI

TIME OF SUPPLY OF GOODS AND SERVICES

y l p p u s f o e m i t f o s i s a b n o T S G f o y t i l i b a i L

s d o o g f o y l p p u s f o e m i T

e s r e v e r n o e l b a y a p s d o o g n o T S G n e h w y l p s pi us sa fb o e g er ma ih T c

s d o o g r o f s r e h c u o v f o y l p p u s f o e s a c n i y l p p u s f o e m i T

s n o i t a u t i s r e h t o n i y l p p u s f o e m i T

s e c i v r e s f o y l p p u s f o e m i T

d e v i e c e r e c i v r e a s i nd en hI e wd i es gt r u a o he cs i er s p r r e e vt en r nE i d e yt l p a i pc uo ss s fA o em mo ir T f

s e c i v r e s r o f r e h c u o v f o y l p p u S

177

e l b a y a p s i s e c i v r e s n o T S G n e h w e eg cr i a v h r c e s e fr s o e yv l e p pr uf so s fi o s ea mb in T o

s e s a c r e h t o n i e c i v r e s f o y l p p u s f o e m i T

e t a l r o f y t l a n e p r o e e f e t a l , t s e r e t n i nd ee hv wi e yc l e p r ps ui st fn o e em my ia T p

t c e p s e r n i x a t f o e t a h r t o nb i er go ns ae hc i cv fr o e es s r a o cs nd i o yo l g p pf uo sy l fp o p eu ms if T o

178

10.12

178

10.11

178

10.10

s t n e v e o t n o i s s i m d A

10.6

178

10.9

177

10.8

176

10.7

175 10.5

175 10.3

175 10.4

173 10.2

169 9.20

173 10.1

168 9.19

167 9.17

167 9.15

168 9.18

167 9.16

167 9.14

166 9.12

164 9.10

167 9.13

165 9.11

164 9.9

10

S T N E T N O C

E G A P

REVERSE CHARGE

T S G C r o e eg l r b aa yh ac pe s Tr e Sv Ge Ir rr e e hd t n e hu Wl e b -a sy na op i t c T aS s nG aT r U t / eT t a S t G S S r e d t n n a I r e t s i sg i e tr n t eo i p n i c d ee r e en ce i v g r r e a s h ec r e e s hr e wv se e r cr i e v r d e n s gu nT i S y G l p py uaT spS soG ntr oee l sb d r e an i Pl u e g r a h c e s r e v e r r o f e r u d e c o r P

187

d e r e t s i g e r n u m o r f y l p p u s f o t p i e c e r f o e s a c n i e g r a h c e s n r o e s vr ee Rp e g r a h c e s r e v e r r e d n u e l b a y a p T S G e r e h w s d o o g f o y l p p u S e g r a h c e s r e v e r r o f e l b a i l s e c i v r e s f o y l p p u S

PROCEDURES IN GST d n u o r g k c a B

T S G f o n o i t a r t s i n i m d A

r e c i f f O r e p o r P

l a t r o P n o m m o C

s d r o c e r r e h t o d n a s t n u o c c A

d e r i u q e r t o n C 9 R T S G n i t n a t n u o c c A t s o C / d e r e t r 1 a 2 hC0 2 y0 b2 tr i d e t uf Aa

s t n u o c c a f o n o i t n e t e r f o d o i r e P

n o i t a r t s i g e r f o t n e m e r i u q e R

T S G r e d n u r e t s i g e r o t d e r i u q e r t o n e r a o h w s n o s r e P

f o t i m i l d l o h s e r h t t u o h t i w n o i t a r t s i g e r g n i s r h i u k qa el r 0 1 s/ n0 o2 s/ r e 0 P4

n o i t a r t s i g e r r o f e r u d e c o r p d n a s t n e m e r i u q e R

a n i s s e n i s u b f o s e c a l p e l p i t l u m ry or f o si t nr or i e t T a r t n s o i i g n eU r er l o p i e t t l a u t MS

n o i t a r t s i g e r y r a t n u l o V

) S D T ( e c r u o s t a x a t t c u d e d o t e l b a i l n o s r e p y b n o i t a r t s i g e R

n o s r e p e l b a x a t t n e d i s e r n o n y b n o i t a r t s i g e R

220

12.15

219

12.13

s e i l p p a e g r a h c e s r e v e r e r e h w e l b a c i l p p a s n o i s i v o r p l a r e n e G

220

12.14

219

12.12

211

12.10

207

12.8

213

12.11

211

12.9

207

12.7

204 12.5

203 12.3

207

12.6

204 12.4

200 12.2

189 11.8

197 12.1

188 11.7

e g r a h c e s r e v e r f o g n i n a e M 11.2

188 11.6

186 11.5

185 11.4

183 11.3

181 11.1

I-10

11

12

E G A P

t n e d i s e r n o n d n a n o s r e p e l b a x a t l a u s a c fn o o s nr oe i t p a e r l t s b i a g x ea Rt

t a x a t t c u d e d o t d e r i u q e r e c sr nu oo ss r e t pa ox t a nt t oc i t e a l l r o t s c i g o et r r fo o e tc n r au r o Gs

222

) R -A r D oI f n O i ( e esn ne i i l cn l i n v o or e gel s nl b i a a y x v l p a et i pr ut n se o nrn or soa r o st e s pe a ci ac d oan t I e ns e a d ob i i t s t a au r t t a o s de i g edc a r nl t fap n o nae to i n p i mi t aa c oe r rr Gmf n o i t a r t s i g e r f o t n e m d n e m A

h t o b r o s e c i v r e s r o s d o o g f o y l p p u s r o f e c i o v n I s e c i v r e s f o t c e p s e r n i e c i o v n I x a T

e c i o v n i x a t f o s t n e t n o C

d e r i u q e r s i e c i o v n i x a t o n n e h w y l p p u S f o l l i B

e c n a v d a f o t p i e c e r f o e s a c n i r e h c u o v t p i e c e R

r e d n u e l b a y a p Td Se r Ge t ns ei g he wr ro t e hn cr ue oi l vp tp n u es mi f ye , ag pr da nh ac e es cr i o e vv e nr I e c i o v n i y r a t n e m e l p p u s r o s e t o n t i b e d , e t o n t i d e r C

t n e m y a p x a T

r e h t o d n a y t l a n e p , t s e r e t n i , x a t f o t n e m y a p c i s n t on ru t o c em l E a

r e g d e l t i d e r c c i n o r t c e l e n i t n u o m a f o n o i t a s i l i t U

y t i l i b a i l g n i d r o c e r r o f ) R L E ( r e t s i g e R yn t o i l s i r b e ap i L e l cb i a n x oa rt t c a ef l E o

n o s r e p e l b a x a t y b s e u d d n a x a t f o e g r a h c s i d f o e c n e u q e S

T S G r e d n u s n r u t e R

g n i y l p p u s n o s r e p d e r e t s i g e r yh r t e vo eb r yo bs ne ri c uv t r e e r s Br 3o s Rd To So Gg

1 R T S G m r o f n i s e i l p p u s d r a w t u o f o s l i a t e d g n i h s i n r u F

s e i l p p u s d r a w n i f o s l i a t e d g n i n i a t r e c s A

r e d n u x a t g n i y a p n o s r e p e l b a x a t y b 4 Re Tm Se Gh c ns rn uo t i e t r i s lo a up nm no Ac

T S G r e d n u n r u t e R l a u n n A

s n r u t e r d n a s l i a t e d f o g n i l i f e t a l r o f e e f e t a L

284

12.39

277

12.37

271

12.35

280

12.38

275

12.36

263

12.34

255

12.32

248 12.30

258

12.33

255 12.31

245 12.29

238 12.27

236 12.25

244 12.28

238 12.26

235 12.24

229 12.22

223 12.20

231 12.23

224 12.21

223 12.19

220 12.17

220 12.16

, y s s a b mn Eo i ,t s a e r i t c s ng i ee gr At Nu o Uh ot i t )w Ns In Uo s (r re e bp r me ut h No yd t i n t a n ee s dt I a eu l us qn i n o UC 12.18

S T N E T N O C

I-11

S T N E T N O C

E G A P

E-WAY BILL FOR TRANSPORT OF GOODS l l i B y a w e f o n o i t a r e n e G

1 0 B W E T S G m r o F e h t f o B t r a P

n i d e l l i f e b o t d e r i u q e r t o n s i B t r a P n e h W l a t r o p y b l l i b y a w e f o n o i t a r e n e G

l l i b y a w e f o n o i t a r e n e g r e t f a r e t r o p s n a r t y b e r u d e c o r P

r e i l p p u s / t n e i p i c e r y b s l i a t e d f o e c n a t p e c c a f o n o i t a m i t n I d e r i u q e r t o n s i l l i b y a w e h c i h w r o f s d o o g f o t r o p s n a r T l l i b y a w e o t g n i t a l e r s n o i s i v o r p r e h t O

s t n e m u c o d d i l a v t u o h t i w s d o o g g2 n2 i 0 t 2 r o1 ps1 n. af . r e t . rw on f o yi t s l i a v no er Pp y t l a n e p f o y v e l d n a e c n a y e v n o C r o s d o o g f o n o i t a c s i f n o C

323

y e v n o c d n a s t n e m u c o d f o n o i t a c i f i r e V d n a s k c e h c s de ac on Ra

MISCELLANEOUS ISSUES IN GST

e r u s a e M g n i r e e t i f o r P i t n A

) S D T T S G ( e c r u o s t a n o i t c u d e d x a T

g n i l u R e c n a v d A

I I T R A P

TRANSACTIONS RELATING TO REAL ESTATE

e t a t s e l a e r o t g n i t a l e r s n o i t c a s n a r t n o T S G f o e g a r e v o C

n i t s o c t n e m p o l e v e d g n i d u l c n i y b s t o l p s dt eo pl op l f e vo ee dl u fa o v ee l l a a Ss

y a p e c i t o n , e g a r r u m e d , s e g r a h C D L

354

15.3

s n o i s i v o r p l l i b y a w e f o d n u o r g k c a B

353

15.2

336 14.2

351

15.1

343 14.3

331 14.1

330 13.12

319 13.11

13.9

316 13.7

318 13.10

316 13.8

312 13.6

309 13.4

292 13.2

309 13.5

306 13.3

285 13.1

I-12

13

14

TAXABILITY OF WORKS CONTRACTS AND REAL ESTATE TRANSACTIONS

15

E G A P

REAL ESTATE SERVICES RELATING TO RESIDENTIAL AND COMMERCIAL APARTMENTS d n u o r g k c a B

d e s u s m r e t s u o i r a v f o s n o i t i n i f e D

e t a t s e l a e r f o s e p y t s u o i r a v n o 9 1 0 2 4 1 . f . e . w e t s a t Rc e j To Sr Gp

e u l a v s e d u l c n i d e g r a h c t n u o m a l a t o t n e h w T S G r o f d en ul a l a f Vo

l a t i p a c d n a s e c i v r e s r e di np l ap tu u ps nd i e r fe o t si s t g p i e e cr em r o fr i f ed ge r v a i he cc e er s r s e d vo eo Rg r e t o m o r p e r e h w s t c e j o r p g n i t o i gd ne or fC o x a tT c et pu sp e n r I ni l i sa nv oa i o s t i v s ot rp Po

s e tc p i v mr ee xs ee t da ns t ae yl l a p e pr uf so ee l s b aa xc an t i t np ee ec wx te e be u Cl Ta Iv fo f o ti s n s ea mb nn oo i t y r l op pp pu As t r a p a l a i t n e d i s e r e l b a d r o f f a f o n o i t c u r t s n o c r o f s t c as r t t n n oe Cm

r e t o m o r p y b d l o s s t n e m t r a p a f o n o i t a u l a V

t n e m p o l e v e d t n i o j y b s t o l p o t n i d n a l f o t n et mn pe om l e e e vr eg Da

r e t o m o r p r e n w o d n a l y b s t n e m t r a p a f o e l a S

TDR/FSI/UPFRONT AMOUNT IN LONG TERM LEASE IN REAL ESTATE TRANSACTIONS

r o d n a l f o e l a s t p e c x e t sn ne om i t t c r aa s p na a/ r g t n ei t d a l t i s u e b ld a ee r t e nl op xm ao Tc

s t h g i r t n e m p o l e v e d f o r e f s n a r T

I S F f o r e f s n a r t

s t h g i R t n e m p o l e v e D e l b a r e f s n a r T

l a e r e ng i r ta n h uc oe ms r Ae tv n e or rr f e p d Un /u I S r e Ft /o s t m h o gr i Rp ty n b es mn o pi oc t l e a vs en Da r nt oe t Ta t Ss Ge

406

f o e s a e l m r e t g n o l r o f e l b a y a p t n u o m a t n o r f p U n o Td Sn a Gl

i.e.

17.3

e r a f l e W t n e dn i s o i e t Ru b ri or t sn e o i t c e i y c l oh st gn no i m s ur oo hf fn o o i sa t e i cc i v o r s s e SA

403

17.5

402

17.4

401

17.2

398 16.11

400

17.1

398 16.10

394 16.8

393 16.7

391 16.6

386 16.5

384 16.4

380 16.3

372 16.2

395 16.9

363 16.1

358 15.4

S T N E T N O C

I-13

16

17

S T N E T N O C

E G A P

m r e t g n o l r o d e r r e f s n a9 r t 1 I0 S 2 F3 /s 1 t 3 h gr e i Ro f te n eb d mi pa op l t e vn eu Do nm oa e Ts Sa e Gl

c u r t s n o c d n a s t h g i r t n er me pt oo l m e vo er dp y fb o rd e e f d s i nv ao r r t p fe o c nv i or i t e a s un l a o i Vt s r e n w o / s t n a n e t r e i l r a e o t n e v i d g o ti n r ee r p / n no oi i t t i a s dn oa r mt mg n oi cr cu Ad

r e t o m o r p r e n w o d n a l n e e w t e b t n r ee mp eo ge l nv ae r d r a r e gt no i r m a ho sr ap ed r n Aa

LEASING AND RENTING OF REAL ESTATE

f o y l p p u s ‘ s i g n i d l i u b d n a d n a l f o g n i t n e r r o’ s ge nc i i s v a r ee Ls

y t r e p o r P e l b a v o m m I f o g n i t n e R

s r e n w o o c y b y l t n i o j d e i l p p u s e c i v r e S g n i t n e R

t i m i l o t p u t p m e x e e c a l p s u o i g i l e r a f o s t c n i c e r p f o g n i t n e R

v o m m i f o g n i t n e r fn t o ee cm i n v r r e e s v fo o G ty c eb pd se e i l r p np i u es gy r t a r he cp o er s r p e e vl eb Ra

CONSTRUCTION AND WORKS CONTRACT SERVICES

y t i v i t c a n o i t c u r t s n o c n o x a T

e c i v r e s t c a r t n o c s k r o W

y l p p u s e t i s o p m o c s a t c a r t n o c s k r o w f o e t a R x a T

x e l p m To Sc Gf o nn ao hi t t c eu r ot r ms n to i d c ef r o c e xs aa t c tn u i py nl i p fp i nu es vd er a Cw Tt Iu fo o dn no e ul fb e a r y oa Np

s k r o w d n a e c i v r e s n o i t c u r t s n o c n e e we c ti e v br e ns ot i t c c a nr i t t n s i o Dc

452

l a i r t s u d n I r o l a i c r e m m o C , l a i t n e d i s e r f9 o 1 0 n2 oi 3 t c u1 r3 t o s t np ou Cx nl e op Tm So Gc

19.3

422

t n e m p o l e v e d f o rd e n f s a nl af r o t e fs o a el e s a cm r ne i t yg t n i l i o b l ar i o l fI o S yF r r a o ms t mh g ui Sr

452

19.6

450

19.5

444

19.4

435

19.2

434 18.5

433 18.3

435

19.1

433 18.4

430 18.2

r e t o m o r p d n a r e n w o d n a l y b t n e m p o l e v e D t n i o J 17.10

427 18.1

418 17.12

417 17.11

417 17.9

414 17.8

413 17.7

407 rd ol f o 9s 1f 0i 2, t p 4 m 1 e rx e e t f s t a n Ie S Fm t /r s a t h p ga i l r a tt i n n ee md pi osn e l o r e i vfe t eol dnp fi om o to rc c e ue f rr s t ns o ane f r o Tc b 17.6

I-14

18

19

E G A P

t n e m n r e v o G o t d e i l p p u s s e c i v r e s f o t c e p s e r n i s n o i t p m e x E

GOVERNMENT RELATED ACTIVITIES s e c i v r e s n o i t a r t s i n i m d a c i l b u P

e b t o n l l i w h c i h w t n e m n r e v o G y b d e dT i v oS rG po t st e c ce i v j b r e u Ss

t n e m n r e v o G y b d e i l p p u s s e c i v r e s f o t c e p s e r n i s n o i t p m e x E

l a r t n e C / e t a y t t i S r oo t h t du eA i l p l pa uc so sL e r co i v y r r e o s t i fr o r e tT c en po si e n r U n, i t sn ne om i t n p r me ev xo EG l da ec do i L v od rn pa sy e r co i t v i r r e r s e nT i n a t o r i n e cU ft , o n te c em pn sr e e r v no i G el t a a r r t ln a ne oCy i / t s i e s r t e o a ct h nS t oou Ct A

n r e v o G y b d e d i v o r p s e c i v r e s f o t c e p s e r n i e g r a h c e s r t e vn ee Rm

D N A S D O O G L A R T N E C F7 O1 0 S2 N, OT IC TA CX EA ST TS NE AC VI EV LR EE RS

S D O O G D E T A R G E 7 T1 N0 I2 FT , OC SA N OX IA TT CS EE SC TI NV AR VE ES LD EN RA

S D O O G L A R T N E C M O R F S T C A R T X E T N A V E L E R

7 1 0 2 , S E L U R X A T S E C I V R E S D N A

N O I T A C I F I T O N M O R F S T C A R T X E T N A V E L E R

7 1 0 2 6 8 2 D E T A D , ) E T A R ( X A T L A R T N E C 7 1 0 2 / 1 1

7 1 0 2 6 8 2 D E T A D , ) E T A R ( X A T L A R T N E C 7 1 0 2 / 2 1

I S T EC RE J OO TR EP LE BT AA TT US B IE RL TA TE AR CN TI IN FO OI NT OR IO TP AL LA UI CT LN AE CD

.

O N N O I T A C I F I T O N M O R F S T C A R T X E T N A V E L E R

I S E R L OA TE ER LL BA AI TT UN BE ID RI TS TE AR CN TI IN FO OI NT OR IO TP AL LA UI CT LN AE CD

609

P E R R N A H T R E H T O ) P E R (

APPENDIX VII :

459

s e o d no ot i t d p e mt l i et xn ee lr l u o ft rp om le a i x t e r a o ps l oa t s di er l o t i t t c n ea r t sn i e roa t ocr t b c l u as a r n t o ni n oas s cee nmc i n t a o o Mn c

APPENDIX VI :

598

APPENDIX V :

537

APPENDIX III :

574

APPENDIX IV :

526

APPENDIX II :

494 20.6

503 APPENDIX I :

488 20.5

474 20.4

467 20.2

469 20.3

460 20.1

459 19.8

s k r o w d e t a l e r e r u t c u r t s a r f n i n i a t r e c f o e s a c n i % 2 1t c @a r t Tn So Gc 19.9

452 19.7

S T N E T N O C

I-15

20

APPENDICES

P E R N A H T R E H T O ) P E R R ( T C E J O R P E T A T S E

617

S T N E T N O C

E G A P

C E L L ON I CA &T R YE VC E LN -O 7 1E 0G 2R ,A T CH AC TE SS GR IE EV HE TR FOX A 5T NF O IO TN CO EI ST E G R A H C E S R E V E R R E D N U T S G Y A P

E S R E E V T EMA ROT S RRE EFL DDA NEE VR UI XEN ACI TEN YRO ASS PER IE OL TPP EPD LUE BSR A E INT LOS NEI OGG SRE RAR EHN PCU

O T E L B A I L S I R E T O M O R P N E H W Y L P P U S F O E M I T

634 S E C I V R E S F O S E I L P P U S D E I F I C E P S

E G RD AN HA CT EU SP RN EI VF EO RS T RP I EE DC NE UR E LN BO A YR AE PT EO TM AO RR TP SY GB

646 S T C E J O R P

S RN EI FRO SET NTR A O O RMI TO R RRP E D P N E O R WT R OIE S DF F N S ARN LOA R NST T EH S HG T WI H YRG LTI PNR PEF UMO SPT FOC OLE EEP MVS IEE TDR

648 R E I L P P U S D E R E T S I G E R M O R F S E C I V R E S

I T R A P S T C E J O R P E T A T S E L A E R N O S N O I T A C I F I R A L C

650 9 1 0 2 3 1 3

I I T R A P S T C E J O R P E T A T S E L A E R N O S N O I T A C I F I R A L C

667 APPENDIX XVI :

675 SUBJECT INDEX

651 APPENDIX XV :

S E C I V R E S F O T C E P S E R N I E G R A H C E S R E V E R APPENDIX XIV :

S T C E J O R P G N I O G N O F O T C E P S E R N I C T I APPENDIX XIII :

L I A V A O T N O I T P O G N I S I C R E X E R O F N O I T A R A L C E D APPENDIX XII :

644 APPENDIX XI :

627 APPENDIX X :

623 S N O S R E P D E R E T S I G E R N U M O R F D E R U C O R P APPENDIX X-A :

625 APPENDIX IX :

E S R S EE VC EI RV RR EE DS T NU UP EN LI BD A YN AA PS TT SU GP N FI ON NE OH I TW A LE UG CR LA AH CC APPENDIX VIII :

I-16

C H A P T E R

4

VALUE OF TAXABLE SUPPLY OF GOODS OR SERVICES OR BOTH

nsen odri o a i o t t oyc c l e agp s fps no ayuy s r l l t p ep eph p hut u t sfs e o d e ba i th l t lsnr e a i o hep f shi t hrcn e t o or o i f t e be a h l r rb t e oa di d sy e s ann a cp i ro v re c r ol ie e pl d s i po ra us op syse. h e dl l t htc oa t s ou A i ee gt T r c fa cS e o i r G ehp yc w l S i p ed r hh pp t tn ue o sh bda at rnT fi soaS o G d s t e ea eC t c uh i f a l t l o a ,ve r ve ) r1 e eus t( l ha ro5 Tv on1

4.1 Transaction value is basis for valuation

st no on i t d i l d u no oh cs et hn Ti e -p i c e r d n a r e i l p p u s. )n a o ( i t -a er r e a d i es un l o a vc e nl oo i s t c s ai s e ni c ar r p t ) gb n( i t d p e et ca l ce ar re ob f Conditions for accepting transaction value for valuation

eshey t t l a e nt t aSa r hoa t t p rn e e hos i t t d a o e s en g t r ea u ph t a mc t s of yCi , n(e aTu rSa l e dGv nrn o ut i e dc l eAb i i v Td eS l u Gc l sI e g n e r hi a e t . r hr t a c co ;A dtt nccT aAAS sT)G e e S eG uC f f , no C e s e ev) i he( a t t R) u 2 dr ( f ,oo 5 t s 1 c e s xAs n aTo o t L i t yS c r nGo e ASf s

4.1-1 Value does not include GST but includes other taxes

. y l n o e u l a v t e n n o e l b a y a p e b l l i w T S G C d n a T S G S , s u h T

Te Sm Go s dr no ax a Tt S . t e Gnc Teo i Umv n n ,i i a T t Sr n i Ge y Stl n e ,et T a er Sk ia Gl p C(e s s e ,x T d Sae t g Gr r Ie a ehh dtc uoi f , l r c e e nv l i b e i tw d o u nol c lHn l . i s i ws e eb TCl Sni l Gi ow t ) ra s os s f n e ’ec e r upe m l h a ot VC o ‘

. tro so e aN l onu dsc m r eii u S uC c d l a n C VT e & sI g i eaB r ht ,Cr Tc o fc Ao e x d a5i T v a r d ea e mpd o n cee nm m I roa e cs dna ni8 un1 . eo09 cy21 r v2 0 ue 2 1 ol 3 S 1 m ti37 r a d d e e dn t e t t ei a a t c ndd ea TT l l SS t o GG Cuxb8 8 as11 Td00 o 22 eo/ / dg0 4 un5 0 l / c o/6 n 61 7 x i ao ./ tt o 0 naN2

‘Value’ does not include TCS under Income Tax Act -

-

59

H T O B R O S E C I V R E S R O S D O O G F O Y L P P U S E L B A X A T F O E U L A V

s i T S G , 2 s R s i S C T d n a 0 0 1 s i e c i o v n i f o t n u o . m8 a9 ft i o tn a hd t n sa i 0 t0 n a1 en mo e sl i b ta a y ha Wp

.e f . d9 . e u1 . l wc 0 dn2 i et , l t l r i o e nB s e nl lc i i swn e a l n Ti u S F RG a T l SSa dr Gn e Ca K fTf o o AS 2G4 3C1 e e s , l T u u a rSl G rI c e r pfe sod Atn n -e u e ml yb aa py ra op f s s ee uC l a d Vo ,l o 9 1F 0a 2l a 6 r e 8 2K tdi s u eh bd t uo yl l cb p pnr uio sts hoe cnc i udv snr oae t ys nl r opo p i t us a sdt l . o e eo c r hg A nt i feT yo hS at t G pn rC oi of ef t p o ei e) l c l b b eb( ar a i ) l y2 e a5 sh ( i p1 t ry rn e i boo l p dt i pdi e c ae ur ps sr euyhcl l e t n u tial u a nc t a he v t ean tb e n i c usi e l oar b mhpi hed ac u hl yi t c nhn n Awi i e yl ds l n u o ooh t swe a sk i ,h a t n Tm e. i o e p t l i b c r eii e d r l up yc l p bn u dis esn i i l o r p e y pi t l up i l sp i b sua e i l csl f i v o a r u f e t l s c a a rhr e ob t n sn o t c u pos nta n i w e i ep e ei r r ce f e h rrt e e vyr obe cdh iw ta o npy ’ l . nt s anne cuol i o p sos i p me h u ab T‘ s

e es r o p yr bu dp i r a o pf t’ u e u bl ra e v i ‘ l p n pi e ul sb i fd o u yc l t i n l i i b e ab i l l ll i a uw t t c n au r t o n om ca t sa a wh t , tl f . n T a uh S oe G mb f aso i fh t i n ,ne r om e vty en a wep i oi p f Hc o

, tddts eo eeul e r n p s mn u r ese ei bi R v t e eT tn ed t o a S neren G lmeb C o b l y l i i l t waoi r f p t w o o tf s p ) t n i 1 e,aio( , h y r s 7 ml p e l t 3 s yai fe a dao l pmec u l r r a r yochs l o rt sNxce u.auv ottse n n t i eu i r v i , , bi p p r s oc neu i v ,e e eehd T t ura w. n l m a o nod o vr ec oHv i e . s nf t i t r i to e c n c– eu pAe l d b r o o e T i r r n d S i dmp eu .

G , 8 e aat q1 Cb s n si 0 f e2 e r i h s i o t a tf ep )h n i b6 2 uoc( tt3 ote6 o n r c 1 1en. me l. f pmnmi as oo le se riyw. i a t r f h tw t n cpi e d d fiesede i d v her r t r t nei e c e eveptx a c i s ve sh ea ai n Ec r tt

e l u r e h t h g u o h t , t c e f f e e v i t c e p s o r t e r h t i w y l p p a. o ds l u y oa hs sy l l a c i f i c e dp ns ot co en s s se i h o Td

tesxo hdI t haat e i . i t r ytd l wp l e e y e i p tpl ug bp c r aups sa s u p s i r sih us s t d c safl a n owfbou T clo yeoS a r u h ei le l l sG i hr a vv t ebo ef t ,a eo ) g P ncntC AmieicT - nreaI e l r t n nRm t b s I e uo i n A d k orc -A oa smn uc (, t l 1r oc,n 1eo nwa r v i e d 9e f i c sv ei de r mwe r ryo oor o v t cHe otmc . a .vcc r n l n o eaI a ni t crr[ t ar n n to eeso mt r l c c a xa si cAt am a r fTa t e h 7fwtoSt a s 1oem G l l 1el u i Co fB s =ua l f , voAo a r 9v o] . e s 5d t uR)te c 4e i ( l e at m) a d Td r c o2t Sunvr ( a at 5nr l Gc t taf1on s nn h 2i nco e 8r ete o ot i )e dti c p t 0 l c ey c 2miea c e b 0ochr e i s t 2s t o r sn m ( rv uyaoe i nh cbwcpi

b

60 Para 4.1

Value for payment of IGST, CGST and SGST in Kerala State would not include Kerala Flood Cess

4.1-2 Amount paid by recipient on behalf of supplier

-

-

proviso

proviso

Contract includes value of material but some material supplied by recipient and value deducted from bill of supplier GVS Projects P Ltd. In re

N O I T A U L A V R O F S I S A B S I E U L A V N O I T C A S N A R T

. ,t erse e o hf bc c t i yA v ydr aT bee mS g drs G e ears C ghoa f r c s c o a td ) e hn o c h( cu ot ) ,o g s2 g a ( nmf, 5 o i r1 ay k on cyl so p an dt p pa i oc uo dgs e nn egs ai hee ndthu ouftl l f o i c o a s ty nc s v i i n m,eri e y p l sve mp i e l l opr b i cu ed d n gsieu narrc l e o i i f f d l n e i uopb l p e tu c r n ra ne i isos , e ,i p f e s c e choi s etev y nr mr e bi e peet s xhnee etohh tt od lt tf a t rgao n n h e i y ei t h l l o dp p t i bp y p c nru ua ns os I el y r p op f e u bs ge nr i o t f s e e b t , n d e or i t r c u ec pn si ns i , e y g r r oa t h c ac f n ng i i s ge nD i d . ’ ae ou l , l t a n v e‘ mn hi e gl i . b e e i l wd b ui el d kc u i nl l i s c e en s bi nl e el pib xwo s e l y ,l a s p up l l hu i w Ts

r o f n o i t a r . t e c dA i s n oT cS yG nC af fo o ) d t( n ) e( 2 m5 y1 an po i dt ec ye as l e dre ol u f a yv t l n a ni e el pb ri od u el ec f n ei t s a i l y rl op tp s u e s r e y t n n a I

sd y i e b h s .

Tu e . .n i ’ s e t me x e rb‘t f s e o n t a o ec dhl tps e’ esit c e r r ni g e i m at r po n di r ef n‘ odhd yrte eonr bwo e es h yh t ia at l sg ei e dsh u ‘ Te sa.b nc’ d y l ael t u eba o d me nh es y fi‘ pd i l t s s r ro uu ojow i ’ e e v be a bo ff os eo lt ’a d enag. ‘ n yal s i s acd d n l n r a e re o doo i ‘ w t M w a mt e e t e rr a h i e t p t c r h o ee t s t hn i s w a Ti Noscitur

a sociis’-

Para 4.1 61

4.1-3 Incidental expenses incurred before supply

4.1-4 Interest, late fee or penalty for delayed payment

t n e i p i c e r y b e l b a y a p t s e r e t n i l a m r o n n o e. l t b c aa i r v t en l o ec bf to o ns m dr l e u ot hd se e Tr Sg Ga r ,e s up hs Ta sd a e t ya l d p ph t uo sb t) p e mt ea xR e( T nI a7 s1 i 0 ’2 t s / e 9 r . e o t N n i ‘ d tn a a h) t e t ta c .

7 aR1 f (0 eT2 hCt 7 -7 m1 1 o0 r2m f /o r e2f l 1 b .e ao v fiN i t i c t ne s of ui f j te oa, sc7 l fi 1 a i t 0 so 2 i N6 sr i h e8 Tp2

.

-) Ia r Mt Eh s fa o r ta n h ea mM y apR nA i A t( l 6 u 3 a2 f e dm o nc o. n dn ea t c m ex l l a o ct 9 t9 s e ) r 8 e 1 t 0 n 2 i l( a n e p n o e l b a y a p s i T S G

sd nt i an a oe s p w l ,o nmtC elo l a t l n&o f t I s On f sB i -I s Ca yI d .

M l d h e E e t i g f n fr i r oI a .al Mt h s cc de s sa eri e t th t a s une 9 qir 1 Ede0 t n 2 n na i 6 i l l da 8 a i 2 p n a i ed pc p en e /t r il a sra p i nd sho T dt i tS ooi G obd gsd9 a fe 1 o d,0 2 ue/ el m s ci 1 a 2 hnt/ cid2 I e r l 0 uMu 1 pEd r e. e oh ho f cN r dTsa e) .nl t iu I n h c t aMi r r E i g (wc Bajaj Finance Ltd. In re

GST on penal interest on EMI (Equated Monthly Instalment)

vide

f r i c e l e n l s e e s v r eee , hpr t sl e fa i l , se e ds. s y o s a cobd o sgl eo i f h bg o t af neyo I uae l -a pl a ves fbo l o l t i tw e r l a b pTa c eSl i bGp ldp l na i wae tt tc i a ,Ar t t s Ta e Sy r e Ge l t Ct n i a fr lo a a n)p ede p(s ) 2 d s5 ( e e g1r g r n a a oh hi ct c

) (

nsltn s adae o i oonr t e l o e a fgpn t c I i d f f -o i nit e rah o e t I N l , l Me e f s s o E a esc 7 hy 2 s. t i a ,p h o r t e N n yrI . ue. r S byk u n r oba e t . eB d7 kh n1 / nT yu0 a. nt2 Be 6 rdapoapm8 ymme2 x o n c ed s ai e est pe cia ml n)d oa t) s a e csn e r t eeie a ccft R nnon aoti( s l net T a r i f C unnu e t yc op 7 bi 1 dpmg0 efan2 i t t / o s d n 2 e t u au 1 r l r e c . o g t no n si si i N ( i

) (

b If loan is provided by finance company directly to the buyer

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a If the seller himself grants EMI instalments

H T O B R O S E C I V R E S R O S D O O G F O Y L P P U S E L B A X A T F O E U L A V

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Infrastructure Development Finance Co. Ltd.

62 Para 4.1

Bajaj Finance Ltd.,

4.1-5 Tax payable when value is inclusive of GST

,sddse e l. e reb e s g g t a g a ac r r r ca wa cA a th i th l hu a hccocpT t nt rpS nehgeaG n h g s I C h i i t a . t e t d o f r eo r u oef d l m) pHdc 0 s.r nna3 nt aias( s h ag s2 wee i r u t g i t n e l u e r sr t o oaaa e i t gfevhrc ndhnc e T r t o aa tS s , n r e ee r Ge r ws l a b ta ep ru camh h e s oh yg i Ta l a c i n p . y upeT pos l swSp u n i ,Gp seI Ts u eg.

Sefs hre a g o t cGr hi e , yt c s o i davs t e ev hl c o asnncr a p i r g r x e t om s n v a n f i dk oetoc eo creo uc h gala srt p a i e s s dnf,vi a o i y ni s l bnt er i h h Rug uaet l l l i i OTe a b s m i v FSr a i d fGf S , f us d o o sr . d tlo ey c t a h s r no aw a gi a i g cptp e e eusr r nh o oifa I t

4.1-6 GST on outward freight, packing and other charges in tax invoice

Y L P P U S R E T F A N E V I G E V I T N E C N I R O T N U O C S I D

Para 4.3 63

. el l ha t t sa a e %c 5v i r @e TS Sy c Gn ee gg r A a t hr co dp s nn aa yr l T e t s a d r o a po eG s t to h gn i s e i r s f d eo go r g a hf co r oe t i l tp c ep r u r s of co te o c ni v sr i e ts I

. eT hS t yG bo f de eg dr i a v oh rc pr o sf e ’ i e d i u s l ba v u‘ sn i e l b i d u l c n ei ce i r r pa s et hn t e om t n dr ee kv no i l G ye l t t a c t eS r i d d n sa e i l d a i r s t bn ue SC

4.2 Subsidies directly linked to supply other than Government subsidies excluding

y l p . pt uc sA fT o eS uG l C a vf eo ) he t ( n) i 2 d( e5 d1 un l o c i t nc i ee bs ll a y hi d ss yb du i s s be uh st fs o e tv n i ue c oe mr a eo hh Tw r —e .l i p p u s e h t f o Explanation

f o ) 1 3 ( 2 n o i t c e s n i ’ n o i t a r e d i s n o c ‘ f o n o i t i n fi e d n i r a e l c e d a m o. sc t l a A sT i sS i G h TC : n e v i g s i t a h t t n u o c s i d y n a e d u l c n i t o n l l a h s y l p p u s e h t f o e u l a v e h T

4.3 Discount or incentive given after supply

n ed en ba s; a y l hp tp n uu os ch s c i u d s hf co ut sc e dp es de i r v on ri pd ye l u p s ps ui se c ei ho t v fn o i ee mh it t n ei hd t e td a r ro oc e er r ol y f u e bd ) ( a

sedd i hne tt s ar n ;e ues v ore e coc f r i s e i o nt bv . d ec hrne coi A b uttsT n saa a S )ov h i G ( t t e n l C n ti e a u f hdro o t eoc ) drts 3 eedi( dted5 n e i 1 k e v h n n o i t rtl o i pn ot t y e l ,m ec l d l e a b eec s t a ei c f t eriu y g c f l ae bp f i e r p npt u nast s e da efnse boai h s s t sm y a l a f t o hrpi t yepdn t u e l sre p n i pihcp x udc i ac se ut e ehst s hi fur t lope h rbent a e i t t mi ) y s f i( ib a e t ) ( b

n w o n k s a w t i f i y l n o n o i t c u d e d s a e l b i s s i m r. e y pl sp i p yu l s p pf uo se rm e i t t f a e th n t ut oa cr s o i d e ,r s o uf he Tb

,fe r oh e vet eu t wsa s oi d e Hrt oa .f y l l p np pom i us e sv t i n no o i yrc cpt neo ek i an c fim s e a dtw roh onc f oi ’ dh e t tw o ncn t tAu i To d eSc r Gi s c ‘ Sd f o df eno uag s n T s i i Ss fG s o a nCp ofr i . o s y ol i )f v p o1 p r(eu p4ts o 3 snnf i o t eoi r i e d t e c e m he r i Ts c t

rd e e ht t t i o m nr ae op t e nb oo t dn el l s a s a h ps r ne i el . ep t c bp uA ss a T heS hG tt s fS e o r d e yn t t i n la i i b T da S ni alG x aC Tt f St o Gu) p2 ft ( o u4 eo3 cnn ni o eni t doc i i t c e c nu s i o fdt i e o ,r r , s e i n v ho o t sr r r ue p Fp-

g T. rr8n e 1 e Si p0 i Gl o 2d p s, Cp a tf fu,c o srAo e 4ye s ) v t 3b en a nywe e [ ol oms i n t oHde c c ni ed.e s e o e cmv ru i e n psoAi v s ( e sin l T AeiS p i -beG t nn l aoCu cy m l r Tn e So v Grdo e e dc hv n n t oe i a wcm c e enat t a so o ca n ne tt tt c i i o Ab d e enTd r t Se c i b Gn re od Co f9 , eeo t n)1 o 0 no3 ( 2 . t,4 ] y i 2 3s l b s etn1 n e de o.n i f i s ,e . t s t e c c . u re wb APs

Supplier should issue credit note with GST

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oD t a tr n aa wP n ti o d ne sm e r oi df n . eo 9 hc 1 0 fi s2 i Tw3 SeGi7 v d ti se u t oha hTd t .T t i wnS e eiG p t i o 9 c ne 1 0 tr2 i y/ d eb1 r n1 c e/ ek2 ua9 sto . s TN i nSr aGa cfl u eoc tr hi i ,d wec r ec C i & v bI yrB uC mt sf i nd o I

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teec i hta b etae n dto a r i eh a t ut r e sdo t s i epo o n dur l gpt u r i d oa ee h c r sen tbec n . nhds ead t i c nn p i tnae a i c e m t , eo ro r y e na ,si e l op tp t i d o p g b ntu n e i tosd i v n d i ote esta c e r the c on tr ededd ueme n sh ta yo s i a f ng tI p o .l n ei T lb nS k u sG fya e ogeam dmf dn a ri o t g e m I s i r l . d t a p e o l phob h ucni t tsr su ase fo i hem , h vg r t e t e n r n vie i sn t ewi i p wei Cu t c oo o eTc Hn r I t n e m y a p s n a e m . rr e e i i l l p p pp uu ss yy bb dd ee uv se i s i c ee t r o s ni tn t i d e em r c y ta a hp t d n wa at l en s e i a p ci c ee l p r my ab se i d ea r e m hs Ti s da e, r r i e u i qp l ep r tu . o s ) ny l a sb a i r td e n e K eu i s R p s i i c A ee–A t r yA o t en i ( l ht t ii5 b , d a1 r e i e l m r i l c x o p ac lt pa . il n uc an sr na ye b im g m i d r x a emo uost sch i2 s o 3 i stg1 i e n= elc i b t 6 au o t nu d6 tb e5 i irT d ertS t o r t nG c a 8 lCs8 a i i T r) c Ie 1 r i e 2 e l0 s p mr p( 2 eu mv oes cre h ot ft I Santosh Distributors

tr n o t ec me ts s g un j i d k an ra ob f nn oo i C s i & v oI rB pC oy nb sd i ee r u e s s hi T8 -4 . o N Q A F t b e d d a b f o . e8 s 1 a 0 c2 n2 i 1 TS7 G2 n fo o In re

te u r ba s st e n cu i v o r c e s s i rd oy t si dt on oa gu fq o . t ydn e l r p e i pep g ug i c sa e etr s r ,y oe f b s e a bc d e nes w a h omc nor s kn u eI p r .y a y t l sp i t t pn n uua osu crq e s n t i f d o ,ad s ne e es s va a i cg b e d e mb e r oye sa f f nmo I s a s e i f i r a l c 9 1 0 2 3 7 d e t a d T S G 9 1 0 2 / 1 1 / 2 9 . o N r a l u c r i c C & I B C f o s Cw ao r l l a o Pf

tt seTol yo n uStpt unl y ouaGdpr e v u o Cl cc a ss s e t i i f s t s no oe d i n i c ddm)ete eer3snn ( r o i me5 i e t r t t 1 gue e a o gld i l n n o l e av oop r t s t i p s i y dtunt c gl i i npeess d s . i , p e r di d ufe . ul us covo( l c x eos t s nset wgt. n o i n l ) e ( o a u s spre t t H o a i m r n d) p c e .a eC ny u s r i ma l o i Tcdc p oe u ’p s t qIdhi s n cd mueea ue s s r uh r ch fs e ssc o oc l v e nu t ei f c e o l s ssmu i r v r e o i h f e o r r t t t i e oe l tts o e p d t pmhne tba u u tur r t e o n i a sv poo cu s i yari qnsr t i bsod e ,eo c d,e rs e i r h t p v er su oc o i r r of pe ut r e e m f bsnnsp f i e r o C ydf ii fo sue T ypo I i t s hl Bs c n Cde pe u‘i s orlpRTor b o I e u e cd .l as gv t s lf t c ns i fA e u Due o for

. fsl f9 ho lCo ai t T 1 o t0 edwIr os 2 ,aexr t at aep3 eca ethsesr r i fta7 r f d he ttou e ri t e Fo t ot ,bt a .bd ay ecnr r l naa, p oT ofcs p S nte s fI isue G o s c a , . t c i9 eys d v cl 1 o r e h i p 0 e r mcxs p i 2 pu um / r1 es es o hn het rs1 t / etIod2 tr .yo9 Ae a f. lo. np s e ptcopgo aoi ufN onrfsor y si spoel a e e l t p ot l ci u p g s i wi c r o n ur , ty pp i sc i el ls o m e a ka i e hotC l t n h & sRt coI r s i e .io B t mewfia t t C l ssi ese e f r d r hal i o e oh cpp nB s o i hp t ge ea etu l o r r osohba a a t e wwl P eh r i r otna r t e f ovf e i mo hw af t d ryn eo nhol b e p h esop lc pi u t l f rwuew u Ob tsd s

4.3-2 ‘Buy one get one free’ or ‘one item free’ offers

’

‘

64 Para 4.3

-

No adjustment of GST on bad debts

4.3-1 Quantity discounts - Buy more, save more - Discounts known before supply

-

Y L P P U S R E T F A N E V I G E V I T N E C N I R O T N U O C S I D

Para 4.3 65

./fi .r e losol a h da N i t u ac n n r c mn i er a r i i l c eap u e n i r i i lcC c f a r p ep & i s,r c s I e uCB e es cs i C h a &f v yI cTb r o e B . h s T d 5 a rcSeCr u f os go Gr a s p dntaDn oIuh i o.ocad h r Ta gyt l e iSP p t fp wG a o r u ys df-e t l C o e i p . eu 9 pr CTe1 uos Ir0 s T sfi Ifw2 e e e oi rb 6 e belv r a t n i ts98 f r 1 a wnne 2 a 0 e v docl d 2 een)i e r t ar3a ks e (v -d t 7 t f e au f o t d o T nonoe h t S e nat e a r G tcid r a w i a s d 9 T1 e sse , t ce S0 r t n i c G 2 uncvi/ oulro9 e v a o 4 cc 12 s i n0 s c i i s r / r 25 i d ol/ ,de a1 0 s m n n h d i 11 ec g mo /. t i f uoo 2o r OSc go9N

4.3-3 Discounts offered after supply - Secondary discounts

c e p s t a h t n a h t r e h t o . n eo t i o t a nc tl i i d p em r i c sT nS a eG y mn ea t t o u no th i t d i ew r c . e li . a i , c s r e e l mu mR oT cS /G l C a i c n ni ad ni e i f F i -

f nrtfnn3/nt T a n o o l e I oI5a ooi S l n . i i -a e i d y ec y t t G el s sh l u l c ep p nci u e s ep r 9 l i ps raust1 s d o i u e ufufi ne n0 hq ci d.

2 l wesosofri / nl v l o , , s m au 4 rrastnyeri 2 onnnrolseh yf o p a i s n o t i / og i pcr ri i i i s t o5 l ii i e tr uto i t r 0 drv p c r b e uaon osasd1 ai h n l o r t i d . e t p l t roowp c go gp aotco rnor N o r f e I f o nu i nei nt .gar u i s a T t ykpr a fhl nol s c y p l i S o s s e at p ub u a a r x a n G j t p mg c ar d wdwtn d lu il t ae e i i l yb u s e t o i fc v w n fi b u o p o o fu o sn i C o h e k t n c s t t o ec & i i ernec ti ed de I veuu eowre s h i or B ol i bnder g t a d c mn r v nsehCC e s e . ui e r aaut f ee fd ni . a cwstxo nb i u a s syeddTti os bT5 l n t e n a e sh e a S n d i , a tn i u f e bl u sds Go u et ottui pa nb t c u t l s n h co o ain3 s a c s o t i s I s ne c i n s h i p d s i w o e d t tm e e a i i hereho ph y r sw d cttt cbat a e ea l p r ruttounoep c a S t n o c s e s s ansi l r f n . sn d t . s r I a t e i 9 a a s e .eiv eddTd S s i 1 n od r y l te l e e e 0 c t e u G p c p r r l i 2 l em l p ,o oCc u s i a o s r t ’ e b u6 wfe ,Rc i r t r e t )e s8 ad s oo r tos ri l T a f cn I ) e a a ci Seleo2 b . c st l e r s ( i d GmTi i ep ee ) d S d h u sd 3 ct CmGq mp o i c i ( e e u h a o5 o fose uo r os hg Tc 1s cirvd s( t Post sale discounts without requiring dealer to do any further act

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er,tet/ e9 . e e a e r ch h1 ml l vni e u t i oar 0 ovtro 2 h y r sed u n c e b w t I nd ss 6 c s i . / I oe m8 ) d ar or -tl f i2 l t e e a a h ur rs l n e d oe l lnoanut s o t a a i a i e c t t i t s ma l da i a c e o ( e l f l ede hr gd o pdr eur T w n hs a i aaS w en/l G /ehirpmhk c p e e t r i (T , l brus 9 e e u s 1 r ns t dc odS0 uo al t 2 i c u atoG/ o t c f tofeg aaa c o 4 u i g f fx 2 hwno i ul / t davoa5 nb aonnmnrt0 e I i a h1 i . ( mrc lc xp sa yd . ee tt yh tpuo i o bt eusN nv r f o s i r nuot gu oa i s e c t efi s t f h l a i i v b o u e T d i o i h k c r g t .er h ce ax eTrc i s i u t C l l S ir es p b , ten x C aGa n d gpi u e g & l n uni i se gTI oua t B c pkobru a a t l o s C t l h m pf i t r i r d e no wcI rael d c d e el a rn e3 l tne e an a k l a u d a s e a e ar ) rye t tdmo r a s e np ogefbdl pns deaas i h c e i s i t r i t ,r e r ) l i s e n l , r e p u l e e o e e v a p s s qd l v e a uaha ea i d g cr scws Post Sale discount where dealer is required to do further act

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y. l/ r assae i n n modo r (i u tlit a t i i sd n c d e o n a co df i i t au r i c pt d sn i dh re a e kaTm wrs. ( ess oav e l cd tmii g o a o) ro str pg dee rf oule a ods wo g,e r s o l e ee l o i l ha l t ha p t s w p et eu l / l n a a r s s ee s y ro omu t tb egtrn vuce o a l aaf i a t hou a er ytnde ) a ae ed cml mi i s (bn r rp rao e n e l el i ec a s p ea l oa dh p t n , u cs er r o e hu i t eli t ,phad s e e wtdd s s a o e e a l s s h ce i a t ebc t on mnht u oecto svunc e sus ne oi I nc d -bI

Additional post sale discount given by supplier to dealer to augment sales

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xrs aeR h t t r ,o o C f Tn) Iar lye i l l a a vss u ao e l oe o t nh nt aw ol i / ur t i s e m oir u ps t dc nn i a f sau i d0n 0 n0 a a, m T5( S7e r Gsl i R rrp e p dou nfs umn dio ehd r n e e ou t s s ds i g eei u e r sb ss . i i yT rea S e b mymG h oa et t mci s u iw ceo0 v c n0 ei i ho 0 , t vx0 a2 nt fi I

. g . e y l p p u s l a n o i t i d d a f o y a w y b n e v. i 0 g 1 sf i to n e uc or i cp s i r d o yf t d i t e n i l ap up qu ,s s e e s r a a cs e ec me oi sp 1 n1 I

s ayyy e ar n l t ep i t ht o t h t i p axn e t i r MeaTud a r u.sd s -e g r qr i ac f a ol Rf lt urf Aoau o Aombgfo e i (trr s r nk 9dot oc hi s 0eni t ta i 4dod wap mnts ra e e t g n t i d on ni r oo t ci os i . x t tl n , i n a s d oe ne ys c d l h at t e p ap lc t me a t u r nue xa ns i ro sa ag t ) t i t i a e gt ih 6c l n i d 0 ubc t f 1o oafdd a x o ]sca l s 9 e s y 1ritk h n e d 0l ca lyaa ) 2e y s [ t pgl s i a e t lnt. h s i n r nav a gT a n i i oo nwu S e r i I t c i G t ,oqa edo i e h(rd r s e t e we ddtd e l ,tiau b t n s t e nyoii n h ( l g t arop si cacpia g x i i uww l e es c p s e pfmoe tb t I ao att . t e ,ysdr s ’ ) e t t kn a a i s d r d cl t g n t ni n au h aiec po a su t gn fa a lw nr qai o I

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Golden Tobacco Ltd.

66 Para 4.3

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4.3-4 Quantity Discount permissible

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N O I T A R E D I S N O C F O G N I N A E M

n i d e t s u j d a e b n a c t i d e r c x a t t u p n i s t i , y l p p u s r e t . f r a e dg ed ue sL s t i i d se i r eC t o c ni n to i d r et r c c e l fE I

t ss i u tj n un ou mo an s ti n e ur oe h ct s i , d e u eq he t h fc i tr a o he t t wo an l t . eie d s l eb a r i cc s s fi eo l m p yd ma awa s syi i d ebn r ru e e f i hl e t pr ,pd e un s sa i wyt rb n e hde t em o dh c nni eur f ve n Er e fepd o hut e t Dt a s a r y ah . be9 r t t i a 1 e d s Pe 0 er2 t g -a w r 6 t e a s i hv 8 yc 2 l r Ttd a e eSnt l Gua c o d 9fc 1os T 0 iS 2CdG T sI 3 e 9 el 7 a r 1 s i 0 dt t 2 en s t / eo a 4 l p di 2 / Taf5 v Sao0 e1 Gns -a a.

9 1cco 0snN 2ei r /cel a i 1v cu i 1r c /eor 2svi n c 9ri .ol C o sa& Nd nI i rog B a o C i l r go u f f co so r i i th 5 c n a n Ci ei r &p a rp Ii e c Be i l n Cr p i

. fror mo e e o itl i l d cep u e p . pr s n p s ui ni u sus at q s o mo eo t t xp tre s ad n i t d e t 3n n a 0ama m y 1ya l l lpe t =p o 5ptpn 8ueps 4snai e t t gh Ts n n Soi t e t Gpk m a , ah e 3l y mt 7a a ]s dp sl 9 tae l 1s l w u 0o h 2p tsf [ n s aa g en a wt r l l ie nt tn t I pIu e . t gpn o a c se ui s a whod c t s ts ,i h n c audu chhs ni i lTcn , p u . wp t so n eau C i , gT v n ) yNoiI c t r c s Ti e a h dut r R d t n Asee s o edr c A i c( r e o e a8v v t 7nf e n2 I iar y n a o t h t o b r o s e c i v r e s r o s d o o g f o y l p p u s e h t o t n o i t a l e r ns i ’ e n d ou i l t c a n r i e , dn i s o nr s oe Cp ‘

,fre e o t ea s ht i yt wp l oS rp yr e huno t sal o a e y r rh bt ot n re ,o yf eo nC nto y on sb r mee n e nmpv e i di ci ru ag e dsy hn t ed i e i hs het b whyu t bs ,r e r o y df e n ar h t a mo e e e,hd o w bt u ,c l eh os t tn no ro i op bt ro es on de l arsl e a mnc i h i . tf ,v s t n rt n eoe e u ts mc bm r yeo ; n n aps r sd pe o e sv yr or o nnoe ai gpG ) (

stn ee o o r c n i i t lc nv l i ra e ,e hs f s so t trtn u o c be es, pdn m soo n e osr r gr e nfev i opo ,y rG e e l cp e ht np t a au o t r syS a e nr beao rh l y t o, ba f f r rt o rt on on te n te c eC ami y p yeib c nce n u ad e rv fn ei o h i g t ey eh y . ut d t b l i c s a rb re A vo uT ft hs yr r oeyS a t ,hnG e w o aC nt ,ef oet h o s d) mn o u 1 l obc ep 3 rn( hs oi 2 t ) ( -

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t c a n a g n i t a r e l o t r o t c a m o r f g n i n i a r f e r ‘ f o e c i v r e s r e v o c d l u o. ’ wn )i o b t ( a eu s t i us ar l C o

fre o oh f t ye r l p o pdf uan smo i tt en a he r t e fmd o ys i an tp c e o psc sas e da r et nri s e i o. dp ni t esec vndA o i eT g ch S ,et t bsG o eC nti rolf onpo p ) la el 1 l a r( 3 b e ahl 2 dsi n nhpo utpi o u t fb sc e r e es rh rot o e ss he st t ce e i l hv n r we u ,sl y t i rps oopy psul edsp doep ohu Ag ts

4.4-1 Deposit is not consideration

proviso

Para 4.4 67

4.3-5 No unjust enrichment if discount amount returned to buyer by cheque or credit note

Reversal of ITC not required if Post sale discounts offered

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MRF Ltd.,

4.4 Meaning of ‘consideration’

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H T O B R O S E C I V R E S R O S D O O G F O Y L P P U S E L B A X A T F O E U L A V

g, r m, e n s re . i v a y e v e cp l t i e tp dw. c a e noo u hs s rt aHl .a t f e) n s o e l t I n l i b i .a abs d’ tg dao ai s e a ndp t o une s d p d u ff ne e e e i e t ds l r r , u tb e‘j so a e i d cv d n i tnn a ee n d s u u Hci n f e oae .r t ( r i d me s eoo n al vtp b o i ee nan e l cb et d s s e hu a e h r s jg wd c i a i sv u s dai ds esv ean i s n cse t un e ni h su’ atw n v i i o ’mo d,y i r t a l t i e aa s n n m onr o pee eoe h d ehi t l dws wsb ‘ u a cy dn e o me l a c b mp rs‘ e a uf oe t y o s r b a ,i f ’ n y e l l ei l o pc lc i snw a t n i i man aT T r v fi vS Sd ode ad Ga N‘ G e 8 el 5dhb 2nta u ty me fa a or ,p f cn ie . , n r b noe l evl al bei nma . I xyww 3 aa oT 1 -t 0 pHS 4 2 .G 0sr , , 1i t o d c sl =Ts A e 7Seh s 4Glt h e i 5oyi n Tnbw a p Stds Gaei m v h t i o 3te n C 7dc u leo )e r 9 r e 1h m d t 0ni a n s 2 eo u e ( e p m s be e o sds u a s y , s hi t t i i s tr e i o up s ,c i ) a )a ee r r d s ( t l l h f eo . i t se w n a r nu f r s r i a o t h u hs m t t e a e , r a r r Me e t h fc v -n o e u Ries w e A l o mn Abi H o (at .

3 1 0 2 , t c A s e i n a p m o C r e d n u s e u s s i e s i a r l l i w s i h t , r e v e w o H

8 og 0e i n n 4ds t yi n mt er e i r or e cuh e . c h n nett assd a mn,n s a xoe t as ) ck i t e v n 3rr e a 2t e b 1n s ( f ]i 1 lon 2a o es 0nu r 2i ole [ tap v eo r nl ed r ntb i I a h a hx t . g t a y n dt bi l d n )e d l i i h i da u (ne b edpf t ed s o ba e r r see e a b n t ho n w i tt o i ,dny ) e ee a b r ki w d au te t qe i a l eb p nnr r i tnp -ao ou K i s t -nc e s Ri ei c Ai tnv nr As Aooe (pcs except

6s 7i T )S 9 1 0G 2t a ( . ht t i s do l p e e hd se a l wb a td i ,n ) t u a f r e a r j e u e Gr -f Rt s Ae Ar (t e 5n 1i 5n mo t os ce . r n e nt n nai i l ,ma wxn a et o i i v 8 t 0o y1 n r a =n r o t 7e n o9l c3b a Ty aS a nG p I

,t sse 3i na nuu Cywal b eae Sl e d ( vi s t eme 5at c slx 8rc i b 3ae aE p l l s l Teo s a Lsc e r )t Ey t s n n se t 6i u aC 6r 3ao nf h m io e t =ca l a ( b e hd i 9 t yt s 2 i a uc rdl m a e n o hvci n r i c ce n . esti o n n hbos a Toni. c g s . ] eo mn si s xira dl s atew c e s a t ea h t t l I T h 6l [ . e 0oce S 1cre l G u a sp s ]a s r s 9 e 1w e’ .rd o 0 nsy f n 2eost a i e y [ u n r s r f o a s y a o i h l e t t p e s n ca s p r u m n a e a l ., oid o v t ) d c i v f h l s i u csng no nai ewsaoh b arcs t t o n I e r. esol n e p bekmsi c a l i c mita o t n t i evo i ns r nmn aa p I in‘

’ te c u al r a t v n o‘ cm r ao sf i l ’ l i y l w p t ps uo sc ‘ f fo o s et pn o e cm s . e y el l he p Tep s .o u ’ s s hf e cto i y v l e r n p e Oo s . c dt s n ne f ai o spt dic c oe a or r t gdn fno o ac ye re l p ih plt upn p su i ‘ e nsr ona e se h i c wi Tt h Se w Gb

4.4-3 Free supplies made by recipient to supplier

dharamda

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, ’ e m o c n i l a n o i t o n ‘ r e d i s n o c o t . ] s wn ao l i t nc i a ns on i a s i r v t oy rt pr oa np d ye l l t a a l ee r r [

dharamda

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D J Malpani

Maharashtra

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No GST on interest free refundable deposits received E-Square Leisure P Ltd. In re

68 Para 4.4

GST on notional interest on interest free refundable deposit not includible Midcon Polymers P. Ltd., -

Rajkot Nagarik Sahakari Bank Ltd. In re

4.4-2 Charity (Dharamada) is not includible in value

N O I T A R E D I S N O C F O G N I N A E M

y l n o , s u h T . h c u s s a ’ s e c i v r e s r’ . oe u sl da ov o‘ go ‘ t nd oe d td o na de nb ad l ’u y l o p h ps ud se ‘ i l np op su i s xs ai t t ea hh Tw

te u h pt nh I c fi o h tw p en co n’ oe cu el ha v t ‘ to . s t i nt d i a de ger adc sdx i a at ’ e et ub u l a lp l vi n ‘ i owy t sn ss t a t n oi l uca oev mma a o o est s e s l e a b h, a t ee fl o pb nit c on o i i t n r i pl l d i dtw ai ,dr e r e r e i l hCp t r xp ua u FTs

,0d . t 8e c A1s r ne Ti v Sh e Gt ir Cwe fdb i o a o )p t 2 d e ( 6 e br 1t i nsu q oue i m t r c s eni o s ei t oe r d t e hr t xC ax t a dT nt d u a nsp od n co I eo e s gt efa n ho t o ei tu t s r l na o i v p a o t ga r ah p et e bss e i or w i su l r a e qh le l t i ro wh, cs si y i ha h Twd 6 1 n o i t c e s h t i w y n o m r a h n i t o n s i s m e t i y l p p u s e e r f f o el . ua l l a t va gt nc i A d dT aS ,G s uC hf To

, l a e m e c e i p t o . nw o dl ne ab ed l o e s hs wu c ss a i dd es t a e , r n po ri e t t c n u i r et s bn oo t sc a s hu o wi n ao l tm a r ha t dH ef l o t t e e l s u lr l e r we sp i s ta I ) rnT8 oi A1 t dT c 0 i l aa S2 r E( t vC n n( oi cd1 l2 oe 2 t lhm a n i r eo e ec t b. n a . n ) sa ma C dhm S esx ( i e 9 l ca 0 p pit 1 uv8 sr3 m e . es=vo en6 . c r 7 n o f i tT n fc o Sna euGim r dx us t 2l l a et a n4h vo ) 3 p1 gc1 u9 nf0 i o2n= d de(e0 as e2 b a fc s3 o T n aS . ni h v o) G n i r s o6 e i i d s v 6 oi i rv c= e po d 2 er s 8 hp i Te h7 c TC -i v .C ) r e BS s L3 (

. rn e n t r oa pm sx na at r 0 t 0 o1 t l= e s 1 e 2 i 8 d eT eS r G f f0 o 7 y) l 8 p 1 p0 u2 s( f o e s a c n i d e w o l l o f s a w . n ) o C i S s i .( c ev0 d 6 e m h o T-c

- nnyddx 6 ioll a 2 1 d pent esphee m gnusmi c aosa v o i a t g wn o c r a . t nr e tus n e I d e n .rf s e p a e a o ored g i m wgu r t nn x a q t n a n ehue i l nt c h r a l m i i t l 5 to r l su y s2 e e 1 pdaoba c] pgwhep i n . t r a v u 1 Ci i v o l r ,m 2 wa ) G f e 0 T s r sv 2 N Ao t e g[ O n f T l n r eb S i . e a n ma7 Ep i i C d px6 a m r ( onitn u I f 5f o o q o i 5Cfe t t o d 3G c e g e s s e m n s t a df i oNsl c . d l o ] cOC i aoo n . r o n i s desl tf nts n d a bo s a e eo e ti T mc w W os xi gniS o n v v l ar dinoG l t o ennar o f 4s ancpt 2gt u s lds r 1 e a e s na el i ]i rud w 1 f n o p Ef 2i fnp n e 0 m o ) nl o a .

2 . i ) v s [ gieeml e s s T i u a n l e c l p l i i e A a e d i d d c d T v n i W(t n v l ai e S E o e a l r h C i dp rO uhe n p T ( ft I [

2nrdf’e c 8ioloti n e f t dt u ]e v h r 0 r e 2gnsaos p m e a 0ai a f 2gi p w m‘ [ o n s r t ecI i e e oe u sr .fl t a ec dbl wc alia v d u i r ,tv . n u t o ] n r l o y aenwc t cso nyd i l c l i i i )l n m i O s g p l i oa (p o n t D i r e v a af n l l eliShb u himHwaf O t yt ,a dy ,Dgi b ) nal lpu P i a s so ASt ei f u d -Hc o R f Rde [To S e Aex utGs n Ave l i i a (e , a r n 7crvce i o 1eo,l hi 9rf)pr t s d p i (a c mee) ue 2 yFd oHs( b . c.u5 k r . e rs1ee n e h c i ni nol l t p nawcov , i i i r pw ,mghte e wxnecsui s e v i ff v ean s t o i d o y v 7infyf m 1maoll y1 p s a ts r p u n h m a t =o I ue r r n t .

7 eesbd g n f t ni nmn e o2i o c3y l pieop dp ui aTritl u r a S aa qh a u nG vps cet I

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TCL-MMPL ConCommissioner of Central Excise

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Karamjeet Singh & Co. Ltd.

CCE

Bhayana Builders P Ltd. CST

CST

Bhayana Builders

Para 4.4 69

proviso

Decision in case of construction/works contract services applies here also

Supply of diesel free to supplier by recipient - no GST on value of fuel Vantage International Management Company Commissioner of CGST, Mumbai

Pulluri Mining & Logistics P. Ltd. In re

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ibid

H T O B R O S E C I V R E S R O S D O O G F O Y L P P U S E L B A X A T F O E U L A V

ti s Tf yI Somn. h sT oai gt Gn s. spa 3i m s u 8r e b i o c c )h . fcli 1 ’ a t v 2foeu n r 0oyh ts e e 2tt tc g i ( c l ,aea i ab l r e ienlr b t u o s n nf au x oo p era cp ‘ det m f i rsv fo e e o o prot n o ssrsei u p a u a t l woca i , n )lt g vf i t e n a e i e ul nd r g i f b a r j faa ee u o n l h Gt hbt -sucin Rosddi u l h Acanc , w a t ) As i nw l (t r i e h e 8g sl ui l 6l m f n2 i a tf i Fogn , t t nuo wmds i u on eoec r i l ums cu v . ec e a n d yn ero o r r s e a d i ahh p h r cw t mS t st n n a xte , oa n rwam ct h e )t r9ov e N t e s 1(en dr h1 l twae t u f c o o a hb i n=r Hl m a c psi 1 p a . r 9i r e n2 aw ae r I ( f o s e s o p r u pei f h” t s rn oo f s r te a hp t d se e t t a a l t e s r t“ c e Ab To St d Ge Cm fe o e 5d 1e nb ol l i t a c h es s s on t o s r e p , t c A T S G C . s e s s e n i s u b s ’ r e h t o n a e n o f o s r o t c e r i d r o s r e c i f f o e r a s n o s r e p h c u s ) ( . s s e n i s u b n i s r e n t r a p d e z i n g o c e r y l l a g e l e r a s n o s r e p h c u s ) ( e e y o l p m e d n a r e y o l p m e e r a s n o s r e p h c u s ) (

eh t vo i f b yf t o n es wr e ta sh ds l o r ho rk oc so l t o s rg t n n i ot co ,v s ng wi n od yn l a t t c s et r u i o d ne i h rt of yo l t e c r eo r i m d nr oo st r nm e ee pc h yrt ne f apo ) ( r e h t o e h t s l o r t n o c y l t c e r i d n i r o y l t c e r i d m e h t f o e n o ) (

n o s r e p d r i h t a y b d e l l o r t n o c y l t c e r i d n i r o y l t c e r i d e r a m e h t f o h t o b ) ( r o ; n o s r e p d r i h t a l o r t n o c y l t c e r i d n i r o y l t c e r i d y e h t r e h t e g o t ) ( . y l i m a f e m a s e h t f o s r e b m e m e r a y e h t ) (

, re e r ha i t o n no i as . es d nee oct n a fo l o e scr s ee e l b no i so s urt d boe erm ho t te nue i bd i dr e es t b t i a l d i l c a oeh sl s o s , sr a e erh r ot a to on e he h wgt saf n o e ol , d so r s e e b Per i -hc t s se i d er ne ov e to a s hw t o nh i Explanation (b)

. s n o s r e p l a g e l s e d u l c n i o s l a ” n o s r e p “ m r e t e h T -

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70 Para 4.5

Global Veera Helicorp Ltd. In re

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4.5 Meaning of ‘related person’ Explanation (a)

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Explanation (c)

)n sds e mnd e oaob t 7os s u0Ga 0 th C2 r g f,on s o p i e xd l )u Eo l 2 ( Rfh 2 o e )e es r l ua dl u h o a Ro s V e mGfg a odot renn t f o r e i c dot r epae i n m p p i oIm e cfr h t yoe) , t l e e l a uD ( l ca (e i t Vns c afou i a r t l poa c . nu % n l no i 5 a ei t 2 V et a bash o n tt i mt sm a op% rs he t e5 c m ntux e oD Ce o i r ,f t (f7 i n no0d ) 0 fio e 2 2s ei ( , dt 2 a a s e el e ul sl r i c auun h TVRRi

d

)yf i ieo ( h ) dt9 4 nf( ai2 ,nn o n s o or i se t r c epe pes ehhtn f to o fs s r or e nep t es d ri i ds a l s i d h ne ca h dst rn ne ah o ett son ure obd ,n ps e st p ene hed r ta y )p i l ( -n —di na ,a s m nr agr e,o s mt . yt l nl c ”e y roA l i ahT mpwS aee FhrG “taC

4.5-1 Meaning of ‘family’

y me oh ht wn e ht cf i o h r wo ss nn oo si r t e c pa s yn na ar mt l si a e . d c e n l ua b l i c n s n fi n i e y ’o s ln d i y n ml . a al s l f ‘am c a i f t c o r c i e t na t c a org i p t r n i p n s i k a y fih a r e e e dnp v d os sn s a i r n oeo o rpn b i ee ,l t i e v be n s fii a t e wxo an d rt e e h e er h t ha T Ot

E L B A N I A T R E C S A T O N E U L A V F O N O I T A N I M R E T E D

l eT lb u S foG rt C od f f e o em l 8 b e2 i ee g i dl l e eu sbr i lo tl n at eh i s p i e c c ei r o ven hi s t e ec fh i i v ,tr n ne oi s sd r r e eo pr s a dl d c ee o t o dg a l e ef r uo l oa e t vu se l i a yhv t l . ts p , e t e pi kl ud ru sea er R hcmT x t nS ae ft i pG ntoS eued p vn n ha Ei t t u p n i e r i t n e e k a t n a cx . ta n t ee i p d i a c v ee r eo ht t n no et i hn we t sn a i ny on i a s i e v ob rt po en l n b a i s c ne er s e yh r t e , t vi d ae sr i sc i x h a Tt e r e h t , s e s a c h c u s n i s a , s n o i t c a s n a r t l l a o t y. l x p a pt ae dd l a u ov he so nt on i o s i i t v n oe rt pn si i o h n t , e y l b l a n ea Rc

rffl e ooou f er e t et a ga t nrdc aenA hl cboT xasS caG ei lc tS fp o pA d ea t n a eTa) . r hS 7 etGT1 heCS0 2 Tb fG-l 7 loCa4f7 h1o2 sn2. f o1e . si dt n. oc ow i oet d gsc re e ee sd l df n b anoe xusm a m a C t ( r7 f&e o Et1 eBn0 uCi2 l , ss a nd e vi o l ou fdg e o R fi hT i nt cS oo uG i ns t a efC ng of i mnyo a l) rh p e 1 p( c t e xu4 de s3

t rfec ooh f etA et nT ga oS nr) G aeP hl cbAC f a A xc o ei G . l (3) fp o 7 s11 p e n0 ea l t 2 a epoi i t r c hn 7 c eti e7 her s Tbpf2 . lgo. f l nse a him. st w n r e sut d e o e ccnd i i c, n v Ae r e e cm d s i ev a ep t ( r l e b 7 aes1 xch0 c c aA 2 t u , s ys fl e o l l f a o u er R ue y l l np a T vepS fGuG s r o e fC np o f os o e) i t a m2 a i4 ( net g i mnf3 raol e h e e u t c t a e r xd de sg e n i i n t an pu o mc oc CA eh hi t t fw o y )p l 1 ( m 9 2o 1c t ns ou i t m c es. s e m i rn r e pao spf a md ,oe e b ccr i f no c i s s se ,t e r dnp aen mmi e e t na b et l eS l bl a a h si a cs hn d nan na oi i , s F s i .d v r o3a 1 r0 p2 d n st ,a i h ct TAS

t n u o c c a f o s k o o b r e p s a x a t e c i v r e s f o e u l a v es . l i n c r nu ot ce er r x oa t t ye s c a i ev r ee bs lr l ie wp ts i , a s ud hn Ta

es ba d te o n ni nm ar ce t he cd i h e wb l l ha t h o s b, t rc oA sT e cS i G v r S e d s rnt . oac sT dSA oGT oCS gf G foC o )f 1 o ( y5 l ) p 4 p1( un5 so1 i t n ec o he i t t s c re fe o s edn s uu l e a l du ve r ur el ha e Tv p

— s n o i t a u t i s g n i w o l l o f n i d e r i u q e r e b y a m n o i t a u l a v h c u S

r o y l l o h w , y e n o m t o n s i , e l b a y a p r o d i a p r e h t e h w , n o i t a r e d i s n. oy l ct r ea hp t ) (

i

. d e t a l e r e r a y l p p u s e h t f o t n e i p i c e r e h t d n a r e i l p p u s e h t ) (

ii

Para 4.7 71

4.5-2 Price to related person acceptable if the recipient is eligible for entire ITC

proviso

4.6 Rate of exchange of currency for determination of value Rate of exchange for value of taxable goods

Rate of exchange for value of taxable services -

4.7 Determination of value when value not ascertainable

H T O B R O S E C I V R E S R O S D O O G F O Y L P P U S E L B A X A T F O E U L A V

nd i n ya l l T o hS wG tC o f no n7 o2 i t e a l u r e R di s ns ow cl o l ao rf os f a se i sb e l ca l i v h r s e s y l rp op su ds oe oh gt ff o o.

7 ye1 l u0 p pl2 ua, s sve e eh l ht u t ,R y ee r T e nS ho G WmS , y l p p u s h c u s f o e u l a v t e k r a m n e p o e h t ) (

noe otm i t i t n t a e r e l e h a dv t i it s nua oqn e cs w fi o o sn lak a yi t s et o t nn mou umo snm i et a hn t h ,uc e o u l s b m aa f i l i y re a e vh n at o tr o um nf n shi i c t eu o us n l y a n vno i tat e kda rnr e a a d , ys y i me l p nnnp eoou p cs omef ho nt fi i ) (

ed s n ua ad l c n ri ok )e a k ( i l ef s uo h at l c o rb e r do ns ue c ei l v b r ae ns i r mo rs e t d e o do tg o f no sy i l yp l p p u ps uf so fe o u el ua l v, a vet y hi et l h) a ,u t bq f( i ) (

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-.f n o. en l ] 7e a b am2u l l ea i x l a au v vt r a7 t ,e e9d k b=r er a t3a o 8lm c n7 en l d T e l i Ssp wG io t9en i u o d 6l e]a e r 8 l c 1vb 0oa x2 y na a[ t fp i t , u e t p c b n f al l i i , nw l i IT N [ )S s l i a gG d n d e e n r a Ba l c y tl e s p d ep Wa e u R l l l i a v Aw A s f A i e l , (u r 6 e v 3R e 6T w S m o o G H c C

. l eg7 nel lo hon1 u i t fi 0 enese2 hUrebs , h y e t , t l e h sx p l sp na i w u at, e een cuR mtoisT e a r i t phS t hS t c G t dn an , o S x s ba naed rt adhn olr ewa satt r T e a al t cn S e i enr G v cit r C n e ,o o f x s n o s rar e 5 ote sd r 3 p a e dt e al y l oa u or y p gg bpyR lf eeup ft o lspo ynbeu i a l hs ey p t pha h ut fc sgpou t s s ans n i e ei n fd i o ucp a l ”c eit e hcb x e ue t o r l d a o ,n et vy e h, teat nd e n k xdoa o i a n rm t m t a a ar s yre mnr i e d i d ol i ne i e t eu ps i u r pl pnl r uoa Oa e scv “vt

. ,r7 r, t, sd e o1 t a e hh n s0 n t e t 2 o od, n s o i ye ot s o nc n e gl anpef u sam o R ntomy asctl s ema lr pT mun pS fi c uG ”r h o sS y t i it t td c o i l rcban a n h a uaurt l qifo, T sS m ,se di y elG ns t b c i art i mC v n dea f r d eo nn ues3 i s e k uqr r ee,o e y l y kd i t sl lu l i a a l d R f i a m o o t f uo n hhq ao t t gt , o es s boc hb rbi t u t ors fs soi o r r s e ceeno t c i o y c i v i l v a t r e r r a e s e t a s o rshul orcpcso erh dserot h , ds odt o oofna b a r goo fg ,eo t s m f o c l s a a yoei e l p s ys r c p l e e i pp e v t hr upra t unms e Ss “ i is

Explanation (b)

at the same time

Explanation (a)

72 Para 4.7

4.7-1 Value of supply of goods or services where the consideration is not wholly in money

a

b

c

d

in that order

Invoice should declare some value not Nil value, if valuation under rule 28 proviso

Assistant Commissioner, CGST & CX, In re

4.7-2 Meaning of “open market value”

GST on Works Contract & Real Estate Transactions AUTHOR PUBLISHER DATE OF PUBLICATION EDITION ISBN NO PAGE NO. BINDING TYPE

: : : : : : :

V.S. DATEY TAXMANN FEBRUARY 2022 6TH EDITION 9789393880291 708 PAPERBACK

Rs. 1395 | USD 52

Description This book provides complete & updated coverage on GST on Real Estate Transactions & Works Contracts.

The Present Publication is the 6 th Edition, authored by V.S. Datey & updated till 1 st February 2022, with the following coverage: u Issues pertaining to Projects, Transfer of Development Rights (TDR), Development Rights, Floor Space Index (FSI), Leasing, Renting, and Valuation Issues are extensively covered in this book u [Numerical Illustrations] to clarify issues relating to GST on Real Estate Projects are provided u Services to and by Government is covered u Issues in Input Tax Credit; when the exempted & taxable supplies are made The contents of this book are as follows: u Part I – Basics of GST n n n n n n

u

Background Taxable Event in GST Classification of Goods and Services Value of Taxable Supply of Goods or Services or Both Input Tax Credit Input Tax Credit when Exempted as well as Taxable Supplies are made

n n n n n n n n

Input Tax Credit – Other Issues Input Service Distributor Place of Supply of Goods or Services Time of Supply of Goods and Services Reverse Charge Procedures in GST E-Way Bill for Transport of Goods Miscellaneous Issues in GST

Part II – Taxability of Works Contracts Real Estate Transactions n Transactions Relating to Real Estate n Real Estate Services relating to Residential and Commercial Apartments n TDR/FSI/Upfront-Amount in Long Term Lease in Real Estate Transactions n Leasing and Renting of Real Estate n Construction and Works Contract Services n Government Related Activities

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