consumption
Query (Issue) Started By: – arun aggarwal Dated:- 11-12-2017 Last Reply Date:- 11-12-2017 Goods and Services Tax – GST
Got 5 Replies
GST
Sir,
\nI want to understand the difference between the local consumption and local sales under the GST regime if any .
\nAny 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.
\nThe 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<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n traded goods on payment of GST = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" consumption Query (Issue) Started By: – arun aggarwal Dated:- 11-12-2017 Last Reply Date:- 11-12-2017 Goods and Services Tax – GSTGot 5 RepliesGSTSir, 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 … Continue reading “consumption”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9350","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9350"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9350\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\nArea based exemption unit will be eligible for budgetary support .
\nThe 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.
\nThus even for area based exemptions , GST has to be paid and then budgetory support will be provided .
\nRegards
\nReply By arun aggarwal:
\nThe Reply:
\nMadam .
\nDoes that means local consumption and local sales have the same meaning under GST?
\nReply By ANITA BHADRA:
\nThe Reply:
\nSales and consumption are two different terms . The term sales has been replaced with Supply but consumptio<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n