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GST LIABILITY OF DISTRIBUTOR AND RETAILER ON RECHARGE/ E TOP SALE, Goods and Services Tax - GST

Issue Id: - 112230
Dated: 2-7-2017
By:- lalit kumar

GST LIABILITY OF DISTRIBUTOR AND RETAILER ON RECHARGE/ E TOP SALE


  • Contents

PLEASE ADVICE ON GST TAX LIABILITY ON ETOP OR RECHARGE SALE THROUGH A DISTRIBUTOR AND RETAILER.

REGARDS

LALIT

Posts / Replies

Showing Replies 1 to 3 of 3 Records

Page: 1


1 Dated: 2-7-2017
By:- KASTURI SETHI

Dear Querist,

The undermentioned will be helpful:-

For example : A manufacturer supplies the goods to wholesale dealer and wholesale dealer supplies (sells) the goods to retailer and retailer supplies (sells) the goods to the ultimate consumer.A supplier (manufacturer) charges ₹ 120/- (Rs.100/- + Tax ₹ 20/-) from wholesale dealer and wholesale dealer avails the credit of tax of ₹ 20/-and his value addition is ₹ 10/-and he charges + tax @20% on ₹ 110/- i.e. ₹ 22.Thus he charges ₹ 132/- from the retailer. The retailer takes credit of ₹ 22/- and his value addition is ₹ 20/-.He would charge tax @20% on ₹ 130/-(110+20) which works out to ₹ 26/-(GST). Thus final consumer will pay ₹ 136/- Thus tax has been charged at each stage on value addition only which avoids cascading effect i.e. without double taxation.


2 Dated: 3-7-2017
By:- MARIAPPAN GOVINDARAJAN

GST liability is there if you cross the threshold limit of ₹ 20 lakhs.


3 Dated: 16-7-2017
By:- Ramesh Kothari

Tax applicable at every stage till reach to consumer no double taxation

 


Page: 1

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