Goods and Services Tax – Started By: – yashpal madan – Dated:- 2-5-2018 Last Replied Date:- 6-5-2018 – We are providing Generator Set to banks on monthy rental basis.some banks are paying fix amount including supply of diesel,maintenence & operation of set and we charge GST @18% on fix amount.Some banks are paying rent of generator @10000 p.m which include operation & maintenence plus diesel consumption @ 8 liter per hour at market diesel rates as per running of Generatror depending on power supply situation.We generate two bills one for rent of generator and second for reimbursement of diesel.On rent bill we charged 18%GST and we are not charging GST on reimbursement of diesel as petrolieum product are not in GST.Please suggest me
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
inevitably incurred to provide taxable service and hence, essentially forms part of value of taxable service. If tomorrow, diesel comes under GST, and the rate of GST if happens to be more, you will not be asked to pay the GST applicable on Diesel. You will be asked to pay GST treating it as a composite supply, The main supply will be the essence of the entire composite supply. Kasturi sir is correct. – Reply By Himansu Sekhar – The Reply = It is better to ask for a clarification to the Deptt. – Reply By YAGAY ANDSUN – The Reply = Providing of tangible goods for rent/lease is taxable under GST Regime. – Reply By Alkesh Jani – The Reply = Dear all Experts,Can we review on the basis of pure agent in second scenario.Thanks in with regards, –
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
red as a pure agent)for exclusion from value:(i) The supplier acts as a pure agent of the recipient of the supply, when he makes payment to the third party on authorization by such recipient (ii) The payment made by the pure agent on behalf of the recipient of supply has been separately indicated in the invoice issued by the pure agent to the recipient of service(iii) The supplies procured by the pure agent from the third party as a pure agent of the recipient of supply are in addition to the services he supplies on his own account In case the conditions are not satisfied, such expenditure incurred shall be included in the value of supply under GST.It appears the supply of diesel do not satisfy the above criteria – Reply By KASTURI SETHI –
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =