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Value of supply in cases where Kerala Flood Cess is applicable [Rule 32A of CGST Rules] - GST Ready Reckoner - GSTExtract Value of supply in cases where Kerala Flood Cess is applicable - Rule 32A of CGST Rules The value of supply of goods or services or both on which Kerala Flood Cess is levied under clause 14 of the Kerala Finance Bill, 2019 shall be deemed to be the value determined in terms of section 15 of the Act, but shall not include the said cess. [ Refer the FAQ by CBIC - on Kerala Flood Cess ] Qus. 5. How long the Kerala Flood cess will be collected and at what rate? Ans. Kerala Flood Cess will be in force for a period of two years from the date of commencement. Kerala Flood Cess is imposed @ 1% on the value of supply of goods or services or both coming under Schedule II, III IV of SRO.No.360/2017 Dt. 30.06.2017. But in the case of goods coming under Fifth Schedule of SRO.No.360/2017 (gold, diamond etc.), the Kerala Flood Cess is applicable at the rate of 0.25%. Qus. 10. Kerala Flood Cess is to be calculated on which value? Ans. Kerala Flood Cess is to be calculated on the value of supply. The CGST and SGST collection shall not be included in the value of supply. Eg:- If the value of supply is ₹ 100/- and tax rate of the commodity is 12% GST, the invoice to be raised as shown below: Value of supply - ₹ 100/- CGST - ₹ 6/- SGST - ₹ 6/- Cess - ₹ 1/- Total sales value - ₹ 113/- As per SRO.No.434/2019 Dt. 28.6.2019 Rule 32A is incorporated in Kerala Goods and Services Tax Rules 2017 to clarify value of supply. As per this rule, the value of supply of goods or services or both on which Kerala Flood Cess is levied under clause 14 of the Kerala Finance Bill, 2019 shall be deemed to be the value determined in terms of Section 15 of the Act, but shall not include the said cess. Qus 16. Whether Kerala Flood Cess is collectable from customers? Ans. Yes. It can be collected from customers by showing separately in the invoices. Qus 20. Whether interest is applicable for delayed payment of Kerala Flood Cess? Ans. Yes. The provision of Kerala Goods and Services Tax Act, 2017 and Central Goods and Services Tax Act, 2017 and Rules made there under including those relating to definitions, authorities, assessments, audit, non-levy, short levy, interest, appeal, recovery, offenses and penalties shall apply in relation of levy of collection of Kerala Flood Cess. Interest @ 18% will be applicable for delayed payment of Cess. Qus 21. Whether a person situated outside Kerala having registration outside Kerala and receiving inward supply of service or goods or both where the place of supply is in Kerala will be chargeable Cess? Ans. Yes, Exemption is eligible only for registered taxable person having GST registration in Kerala GST.
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