CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 17 June 2017
1. CGST/SGST will be charged by seller in bill raised to buyer in punjab.
3. PLace of supply is Punjab.
The buyer in punjab will raise an invoice in name of buyer in Gujarat.
CA Bhargav Nathwani
(CA in Practice)
(8307 Points)
Replied 17 June 2017
| Originally posted by : saloni | ||
 |
1. CGST/SGST will be charged by seller in bill raised to buyer in punjab. 3. PLace of supply is Punjab. The buyer in punjab will raise an invoice in name of buyer in Gujarat. |
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Hello Kapil Ji & Sonali Ji
Now buyer of Punjab will bocome seller to Gujarat buyer..is it correct interpretation?
Transaction - 1 within Punjab SGST + CGST
Transaction - 2 inter state IGST
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 17 June 2017
Yes sir, you are correct.
When the first seller in punjab will raise the bill he will mention bill to party-"Punjab buyer" and Ship to party- "Gujarat buyer". Goods will ultimatlely reach gujarat. And for transferring credit punjab buyer will raise an invioce to gujarat buyer.
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 17 June 2017
It is called Delivery of goods to a person on the direction of the third person.
Sec-10(1) (b) IGST act.
CA Bhargav Nathwani
(CA in Practice)
(8307 Points)
Replied 17 June 2017
| Originally posted by : saloni | ||
|
Yes sir, you are correct. When the first seller in punjab will raise the bill he will mention bill to party-"Punjab buyer" and Ship to party- "Gujarat buyer". Goods will ultimatlely reach gujarat. And for transferring credit punjab buyer will raise an invioce to gujarat buyer. |
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ok thanks saloni ji.
kapil
(Business analysis)
(107 Points)
Replied 18 June 2017
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 19 June 2017
In GSTR-1, you will show it as you normal sale to Punjab buyer.
CAclubindia
