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After GST - Machinery booking on commission, Goods and Services Tax - GST

Issue Id: - 110826
Dated: 23-8-2016
By:- Udaya Kiran

After GST - Machinery booking on commission


  • Contents

Hello Sir,

We have a business of booking rice mill machinery, Manufactured by X Company, to rice millers in Andhra Pradesh for which the X company pays commission to me. After GST, can we continue as it is or is it necessary that we purchase from X company and sell it to rice millers.

Thank you.

Posts / Replies

Showing Replies 1 to 7 of 7 Records

Page: 1


1 Dated: 23-8-2016
By:- KASTURI SETHI

Sh.Udaya Kiran Ji,

After the implementation of GST, the concept of Service will not abolish. It is subsumed into GST. In my view, it will continue.


2 Dated: 23-8-2016
By:- Udaya Kiran

Dear Sir,

Thank you for the reply.


3 Dated: 25-8-2016
By:- CS SANJAY MALHOTRA

I fully endorse the views of Sh. Kasturi ji. Taxability of Service will remain in GST Regime also, only change would be substitution of Service Tax with element of CGST/SGST/IGST as per the nature of Supply i.e. Intra / Inter State.


4 Dated: 29-8-2016
By:- Ganeshan Kalyani

Sir, the basis of taxation would shift from service provided , goods manufactured etc. To the term supply. Hence service is taxable if supply is there. Thanks.


5 Dated: 29-8-2016
By:- KASTURI SETHI

Sh.Ganeshan Kalyani Ji,

It is natural, Sir.


6 Dated: 10-9-2016
By:- YAGAY AND SUN

Lots of work would be needed to capture the existing transaction into GST regime before its' implementation on 01/04/2017. Just revisit all your transactions whether it is related to goods or services, collect all necessary information/inputs/data/documents and then, make a representation to the Government through FICCI or ASSOCHAM to get the replies and smooth implementation of GST.


7 Dated: 11-9-2016
By:- Ganeshan Kalyani

Sir, the analysis of current transaction in view of current taxation and its impact on upcoming GST is essenial to arrive at a business decision. sThanks.


Page: 1

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