Goods and Services Tax – Started By: – arun aggarwal – Dated:- 11-12-2017 Last Replied Date:- 11-12-2017 – Sir,I want to understand the difference between the local consumption and local sales under the GST regime if any .Any commodity sold locally in the same state after charging SGST and CGST not necessarily will be consumed in the same state and can be sold further to any other state after charging IGST.The problem may arise where the sales/clearances made by the units availing the area based exemptions and after getting some benefits in the SGST and CGST from the state govt on the local consumption and which in return can be further sold to some other state after charging IGST and were never actually consumed in the same state but were
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
eligible for budgetary support .The application for imbursement of budgetary support shall be made by the eligible unit after the payment of CGST/IGST has been made, for the quarter to which the claim relates, in cash, in respect of specified goods after utilization of Input Tax credit, if any.Thus even for area based exemptions , GST has to be paid and then budgetory support will be provided .Regards – Reply By arun aggarwal – The Reply = Madam .Does that means local consumption and local sales have the same meaning under GST? – Reply By ANITA BHADRA – The Reply = Sales and consumption are two different terms . The term sales has been replaced with Supply but consumption has its own meaning . GST is destination (consumption) based tax mea
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =