Supply of asset at retail outlets

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..... Supply of asset at retail outlets
Query (Issue) Started By: - JOHN SHANNEL Dated:- 3-11-2021 Last Reply Date:- 20-11-2021 Goods and Services Tax - GST
Got 4 Replies
GST
hi, My organisatio .....

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..... n 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 .....

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..... the document with which i need to send the asset to shops/retail outlets.? does this considered as supply? Reply By KASTURI SETHI: The Reply: SH.JOHN SHANNEL JI, In this scenario, since the owner .....

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..... ship 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 & .....

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..... #39;delivery challan'. under Rule 138 A(5)(b) of CGST Rules. Reply By Shilpi Jain: The Reply: Yes..agree with kasturi sir. Also this is not in the nature of gift and thereby credit should also b .....

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..... e eligible... Reply By JOHN SHANNEL: The Reply: 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? .....

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..... Reply By Shilpi Jain: The Reply: Since this transaction is not job work, there is no time limit to get back the goods.
Discussion Forum - Knowledge Sharing .....

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