venkatesh (student) (61 Points)
20 January 2018
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 20 January 2018
The general rule under section 12 of the IGST Act is that the place of supply is the place of the recipient if the transaction is B2B.
However, all transactions are not covered by this default rule.
The transactions directly related to immovable property ( real estate) are based on the location of the property. These activities could be :
1. Construction or Renovation or Repair of IP.
2. Designing ( architect, interior decorator..)
3. Right to construct ( landlord billing)
4. Intermediaries- real estate agent, site engineering, soil testing.
Therefore in this transaction, as the IP is in TN and the service provider is also in TN CGST + TNGST should be charged.
venkatesh
(student)
(61 Points)
Replied 20 January 2018
CA Hitesh Sachdev
(Associate Consultant)
(305 Points)
Replied 11 February 2018
CAclubindia
