IMPACT OF GST ON TRANSPORTERS AND TOUR OPERATORS

Slides:



Advertisements
Similar presentations
VAT on aviation Austin Demajo - Grant Thornton. VAT on aviation  Acquisition/lease of aircraft and parts/fuelling  International transport - passengers.
Advertisements

P LACE OF P ROVISION OF S ERVICES R ULES Enabling Service Tax Practice Hyderabad Branch of SIRC of ICAI October 27, 2012.
-By CA R S PAVAN KUMAR B.Com, FCA EXPORT / IMPORT OF SERVICES UNDER NEGATIVE LIST BASED TAXATION 1.
Taxsifu © Liability is limited by a scheme approved under Professional Standards Legislation. Michael Evans CA FCPA FTI Place of provision of services:
All rights reserved All rights reserved | Preliminary & Tentative Goods and Service Tax - Place of Provision of Services July 17, 2015 New Delhi Sachin.
Lunawat & Co. Presentation on Place Of Provision Of Service rules,2012 On behalf of Lunawat & Co. Chartered Accountants.
Prerna Agrawal. These rules may be called the Place of Provision of Services Rules,2012. They shall come into force on 1 st day of July,2012.
Dell - Internal Use - Confidential Place of Supply of Goods or Services By:- Puneet Agrawal B. Com (H), CA, LLB Partner Athena Law Associates.
Baroda Branch of WIRC of ICAI
GST on Cross border supplies
GANDHIDHAM BRANCH OF WIRC OF ICAI
GST Seminar CA Dibyendu Das May 2017.
GOODS & SERVICES TAX MAY 11, 2017
NIRC of ICAI Refresher Course
Today’s Agenda Place of Supply. Returns under GST. Input Credit Rules.
Place of Supply of Goods and Services under GST
Place of Supply of Goods or Services
Mega Conference on Goods and Services Tax
GST – input tax credit and registration
PLACE OF SUPPLY V.Raghuraman 1.
Goods & Services Tax GST Conclave III Hosted by:
Revised Model Law IGST CA. Bikash Gupta.
“Time & Place of Supply”
OVERVIEW ON INPUT TAX CREDIT UNDER GST LAW PASSED ON 27TH MARCH 2017
INPUT TAX Credit under gst
BARODA BRANCH OF WIRC OF ICAI
Integrated GST – Place of Supply Pune ICAI Branch –
Impact of GST Advertising
PRACTICAL ISSUES Place and time of supply
BARODA BRANCH OF WIRC OF ICAI WORKSHOP ON GST
Time and Place of Supply – Significance…
“Supply” The length and breadth of its coverage Sandeep Sachdeva, Partner 23rd August, 2017.
Value Added Tax Cross Border Trade VAT is an EU Tax
INDIAN GST SERVICE SECTOR
GST & YOU.
Standardised PPT on GST
Time, value and Place of Supply Under GST
Input Tax Credit (ITC) 1 CA MUKUND CHOUHAN Mumbai & Surat
Input Tax Credit under Goods and services Tax
4TH STUDY CIRCLE MEATING PLACE OF SUPPLY OF SERVICES
GST- PLACE OF SUPPLY OF GOODS OR SERVICES OR BOTH
Time and Place of SUPPLY
Works Contract under GST
GST- Works Contract and overlapping transactions
THE INSTITUTE OF COST ACCOUNTANTS OF INDIA METTUR-SALEM CHAPTER
Works Contract under GST
SUPPLY & VALUATION - by r.renugan
1 JOB WORK CA MUKUND CHOUHAN Mumbai & Surat
NEGATIVE LIST SERVICE TAX.
SUB-REGIONAL CONFERENCE ON GST
Levy and Collection of tax
Understanding Goods and Services Tax
PLACE OF SUPPLY - ICAI By CA Shubham Khaitan
Standardised PPT on GST
PLACE OF SUPPLY UNDER GST
GST Updates Reversal of Input tax credit (‘ITC’)
CGST & IGST (Amendment) Bill, 2018 Impact on Industry
Understanding Goods and Services Tax
Presentation on Time of Supply and Value of Supply Conference on GST
INPUT TAX CREDIT – Eligibility and Reversal
Composite Supply v/s Mixed Supply
Issues in place of supply & IGST
GENERAL PROVISIONS.
Mixed Supply vis-à-vis Composite Supply under GST
Provisions in a nutshell…
GST – CURRENT / CRITICAL ISSUES
ISSUES WITH BILL TO AND SHIP TO UNDER GST By- CA ANKUR KAPIL
Gokhale Tanksale & Ghatpande. CA Nirav Shah
Place of Supply CA Shailesh Bapat.
Scope of Supply Yes Yes NO Is it in course or furtherance of business
Presentation transcript:

IMPACT OF GST ON TRANSPORTERS AND TOUR OPERATORS CA VARUN KHANDELWAL p/O khandelwal sharma & co, chartered accountants

Location of Recipient of Services – Sec 2(70) “location of the recipient of services” means where a supply is received at a place of business for which the registration has been obtained, the location of such place of business; where a supply is received at a place other than the place of business for which registration has been obtained (a fixed establishment elsewhere), the location of such fixed establishment; where a supply is received at more than one establishment, whether the place of business or fixed establishment, the location of the establishment most directly concerned with the receipt of the supply; and in absence of such places, the location of the usual place of residence of the recipient (c) Khandelwal Sharma & Co, Chartered Accountants

Location of Supplier of Services – Sec 2(71) “location of the supplier of services” means: where a supply is made from a place of business for which the registration has been obtained, the location of such place of business; where a supply is made from a place other than the place of business for which registration has been obtained (a fixed establishment elsewhere), the location of such fixed establishment; where a supply is made from more than one establishment, whether the place of business or fixed establishment, the location of the establishment most directly concerned with the provisions of the supply; and in absence of such places, the location of the usual place of residence of the supplier (c) Khandelwal Sharma & Co, Chartered Accountants

Composite Supply – Sec 2(30) “composite supply” means a supply made by a taxable person to a recipient consisting of two or more taxable supplies of goods or services or both, or any combination thereof, which are naturally bundled and supplied in conjunction with each other in the ordinary course of business, one of which is a principal supply; Illustration.— Where goods are packed and transported with insurance, the supply of goods, packing materials, transport and insurance is a composite supply and supply of goods is a principal supply; (c) Khandelwal Sharma & Co, Chartered Accountants

Location of property/ boat/ vessel Location of ‘actual’ performance Place of Supply of Services – Sec 12 IGST (where supplier and recipient are in India) Supply of: Services directly in relation to: a) Immovable property – grant-of-rights, construction, use, accommodation, marriage, letting out, architects, surveyors, etc. b) Boat, Vessel – lodging, club, etc. c) Ancillary services to the above Place of supply - Section 12(3): Location of property/ boat/ vessel If property is outside India – Location of Recipient a) Restaurant and catering b) Personal grooming c) Fitness d) Beauty treatment e) Health service including cosmetic and plastic surgery Place of supply - Section 12(4): Location of ‘actual’ performance (c) Khandelwal Sharma & Co, Chartered Accountants

Place of ‘actual’ performance Place of Supply of Services – Sec 12 IGST (where supplier and recipient are in India) Sec 12(5): Supply of Services of Training and Performance Appraisal Registered recipient: Location of recipient Unregistered recipient: Place of ‘actual’ performance Sec 12(6): Supply of Services for admission to: a) Cultural and artistic b) Sporting c) Scientific and educational d) Entertainment event e) Amusement Park f) Services ancillary to above Venue of event/ park Sec 12(7): Supply of: a) Organising cultural, arts, sports, educational, scientific, entertainment, conference, fair exhibition or similar events b) Services ancillary to above Venue of event Event outside India: (c) Khandelwal Sharma & Co, Chartered Accountants

Place of Supply of Services – Sec 12 IGST (where supplier and recipient are in India) Supply of services of: Sec 12(8): Transportation of goods, including by mail or courier Registered Recipient: Location of Recipient Unregistered Recipient: Location where goods handed over for transportation Sec 12(9): Passenger Transportation Service (Return journey treated as separate journey) Registered Recipient: Place of Registered Recipient Unregistered Recipient: Place where passenger embarks on the conveyance for a continuous journey Sec 12 (10): Services on board conveyance like vessel, aircraft, train, motor vehicle First scheduled point of departure of that conveyance for that journey (c) Khandelwal Sharma & Co, Chartered Accountants

Place of Supply of Services – Sec 13 IGST (where supplier or recipient is outside India) General Rule Location of the recipient; If not available in the ordinary course of business, location of supplier Services Supplied to an individual which require physical presence of the recipient or the person acting on his behalf, with the supplier for the supply of services. Location where the services are actually performed. Services Directly in relation to immovable property Place where immovable property is located or intended to be located. Passenger transportation service Place where passenger embarks on the conveyance for a continuous journey Transportation of goods (other than by way of mail / courier) Destination of the goods (c) Khandelwal Sharma & Co, Chartered Accountants

Thank You Varun Khandelwal P/o Khandelwal Sharma & Co. Chartered Accountants (c) Khandelwal Sharma & Co, Chartered Accountants