TMI BlogDealer Meet / Nukkad MeetX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, May we hire an Event management GST registered organization to organize Dealer Meets and Nukkad meeting to be held and debit that amount in PL and claim ITC on such promtional expences. - Reply By KASTURI SETHI - The Reply = SH.SHYAM PATHAK JI, In my view, YES but subject to the fulfillment of conditions laid down in Sections 16 17(5) of CGST Act .You should also go through ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the definition of 'Event Management Service' pertaining to pre-GST era . Section 65(105)(zu) of Finance Act, 1994 , is, unlike other taxable services that are provided to any person by any other person , rendered (zu) to any person, by an event manager in relation to event management with the relevant expressions, (40) Event Management means any service provided in r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... elation to planning, promotion, organising or presentation of any arts, entertainment, business, sports, marriage or any other event and includes any consultation provided in this regard and (41) Event Manager means any person who is engaged in providing any service in relation to event management in any manner defined in Section 65 of Finance Act, 1994 . AAR Rajasthan has deci ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ded the issue which is as under:- 2019 (7) TMI 847 - AUTHORITY FOR ADVANCE RULING, RAJASTHAN IN RE : ALL RAJASTHAN CORRUGATED BOARD AND BOX MANUFACTURERS ASSOCIATION The above material can help you to arrive correct and concrete decision. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = A lengthy reply by Shri Sethi. - Reply By Shilpi Jain - The Reply = Ensure that the event compa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ny bills you one complete invoice without break up there in. Else the department may dispute credit on the food and beverages component if any mentioned in the invoice. This is a good way to avail credit of food, outdoor catering services, which is otherwise blocked under gst. - Reply By SHYAM PATHAK - The Reply = Thank you, Sh. Sethi Sir and Shilpi Mam for your prompt and valuable reply but I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... need your further attention: 1. What should be description on bill in case of Nukkad Meets ? 2. Is there any TDS applicability on payment of such type of sales promotion events ? 3. What SAC/HAC should be mentioned on Bill ? 4. is there any agreement /legal formalities before conducting such events ? - Reply By KASTURI SETHI - The Reply = SAC 998 596. Go through code and select the lang ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uage mentioned therein. Available on CBIC website. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = What is the meaning of 'nukkad meet'? - Reply By KASTURI SETHI - The Reply = Answer to Q.No.4 is yes. GST TDS provisions apply where total value of such supply, under a contract exceeds ₹ 2.50 lakhs (excluding GST). Section 51 (1) of CGST Act refers. More exemptions are ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... available, so refer to para no.4 of SOP issued by CBIC on 20.9.18. - Reply By KASTURI SETHI - The Reply = Sir, Nukkad is a Hindi word which means 'corner'. - Reply By KASTURI SETHI - The Reply = Q. . Is there any TDS applicability on payment of such type of sales promotion events ? A. Para No.4 of SOP. When tax deduction is not required to be made under GST ?: Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... deduction is not required in following situations: a) Total value of taxable supply ₹ 2.5 Lakh under a contract. b) Contract value ₹ 2.5 Lakh for both taxable supply and exempted supply, but the value of taxable supply under the said contract ₹ 2.5 Lakh. c) Receipt of services which are exempted. For example services 10 exempted under Notification No. 12/2017 Ce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntral Tax (Rate) dated 28.06.2017 as amended from time to time. d) Receipt of goods which are exempted. For example goods exempted under notification No. 2/2017 Central Tax (Rate) dated 28.06.2017 as amended from time to time. e) Goods on which GST is not leviable. For example petrol, diesel, petroleum crude, natural gas, aviation turbine fuel (ATF) and alcohol for human consumption. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f) Where a supplier had issued an invoice for any sale of goods in respect of which tax was required to be deducted at source under the VAT Law before 01.07.2017, but where payment for such sale is made on or after 01.07.2017 [ Section 142(13) refers]. g) Where the location of the supplier and place of supply is in a State(s)/UT(s) which is different from the State / UT where the deductor is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... registered. h) All activities or transactions specified in Schedule III of the CGST/SGST Acts 2017 , irrespective of the value. i) Where the payment relates to a tax invoice that has been issued before 01.10.2018. j) Where any amount was paid in advance prior to 01.10.2018 and the tax invoice has been issued on or after 01.10.18, to the extent of advance payment made before 01.10.2018. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... k) Where the tax is to be paid on reverse charge by the recipient i.e. the deductee. l) Where the payment is made to an unregistered supplier. m) Where the payment relates to Cess component. - Reply By Ganeshan Kalyani - The Reply = Yes, you can hire event management company, receive GST invoice, debit cost to P L and debit GST on invoice to current asset and claim ITC against taxab ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... le outward supply. - Dealer Meet / Nukkad Meet - Query Started By: - SHYAM PATHAK Dated:- 22-7-2021 Goods and Services Tax - GST - Got 10 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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