Goods and Services Tax – Started By: – Saurabh Singh – Dated:- 18-8-2017 Last Replied Date:- 18-12-2017 – I am running a canteen inside the premises of a Pvt. Ltd. Company. What are my obligation in GST ? I have to provide food at subsidized rates to the employees for which I also get some amount from the company.Plz advice – Reply By RAMESH PRAJAPATI – The Reply = You will have to take GST Registration if turnover exceeds 20 lacs and after that you have to pay GST on the open market value of the food of the same / similar quality. – Reply By Rajagopalan Ranganathan – The Reply = Sir, Sl. No. 7 (i) of Notification No. 11/2017-Central Tax (Rate) dated 28.06.2017 indicates that Supply, by way of or as part of any service or in any other mann
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ny drink, where such supply or service is for cash, deferred payment or other valuable consideration, provided by a restaurant, eating joint including mess, canteen, having licence or permit or by whatever name called to serve alcoholic liquor for human consumption is chargeable to CGST @9%. Sl. No. 7 (iv) of Notification No. 11/2017-Central Tax (Rate) dated 2806.2017 indicates that Supply, by way of or as part of any service or in any other manner whatsoever, of goods, being food or any other article for human consumption or any drink, where such supply or service is for cash, deferred payment or other valuable consideration, provided by a restaurant, eating joint including mess, canteen, having the facility of air-conditioning or central
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sessable value for tax calculation if price is not sole consideration {Section 15(1) of CGST}. – Reply By Rajagopalan Ranganathan – The Reply = Sir,By transaction value I meant the cost of the food not the subsidized rate of food. – Reply By Himansu Sekhar – The Reply = The tax will be on the cost plus the subsidy given by the company. – Reply By Saurabh Singh – The Reply = Thank you experts for your valuable opinion.Sir. please advice me on following issue:- If subsidized value of food is 20 and the open market value of the same is 100.I have to charge gst on rs.20 from the employees or on rs 100. Option A Option B Food 20 Food 20 Add:- Add:- CGST 0.9 CGST (4.5% 0f ₹ 100) 4.5 SGST 0.9 SGST (4.5% of rs. 100) 4.5 Total 21.8 Total 29 Pl
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