CA NEHA RAMPURIA (Taxation Consultant) (1823 Points)
16 May 2017
CA RAJNISH KUMAR SHARMA
(senior Team Member)
(43 Points)
Replied 16 May 2017
As per GST law Supply defination is very wide and Mobile phone is given to retailer against targate achieve then it is a permanant transfer of fixed assets without consideration.
As per Sch. I , the activities specified in Sch I ,made or agreed to be made without a consideration includes supply.
finally it is a supply and we will charge SGST/CGST or IGST on such sale which ever is applicable .
CA RAJNISH KUMAR SHARMA
(senior Team Member)
(43 Points)
Replied 16 May 2017
Above reply basis on that Phone is Fixed assets of supplier .
But on the other hand if he is manufacturer of mobile phone then in this situation he gave mobile phone as an gift , free of cost and free sample and such transfer is covered also in supply defination and valuation as per rule .
CAclubindia
