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Supply of asset at retail outlets, Goods and Services Tax - GST

Issue Id: - 117612
Dated: 3-11-2021
By:- JOHN SHANNEL
Supply of asset at retail outlets

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hi, My organisation is in beverage sector. we give fridge to shops/retail outlets to ensure supply of chilled beverages to consumers. we also pay rent to retail outlets for the space occupied.

My question is , what is the document with which i need to send the asset to shops/retail outlets.? does this considered as supply?

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Showing Replies 1 to 4 of 4 Records

1 Dated: 3-11-2021
By:- KASTURI SETHI

SH.JOHN SHANNEL JI,

In this scenario, since the ownership of fridge etc. remains with your organization, so it is not supply. It is not a permanent transfer. Hence such temporary transfer is not covered under Schedule-1. You can send such assets under 'delivery challan'. under Rule 138 A(5)(b) of CGST Rules.


2 Dated: 4-11-2021
By:- Shilpi Jain

Yes..agree with kasturi sir. Also this is not in the nature of gift and thereby credit should also be eligible...


3 Dated: 11-11-2021
By:- JOHN SHANNEL

Thanks for the reply, would also like to check is there any timelimit for taking back the asset from the outlet. eg; can he use the asset for 5 years?


4 Dated: 20-11-2021
By:- Shilpi Jain

Since this transaction is not job work, there is no time limit to get back the goods.


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