WHETHER GST APPLICABLE
sachin nanda (77 Points)
03 May 2019the transaction as per GST valuation whether supply of service ? if yes GST is applicable.
sachin nanda (77 Points)
03 May 2019
Asiya Begum
(Chartered Accountant)
(687 Points)
Replied 03 May 2019
If the diesel to be used for the project is in scope of sub contractor itself, however, the same is given by the company, then as per sec.15(2) of CGST Act, 2017, the contractor shall include the value of diesel in the invoice to be raised to the company.
Supply of diesel from company to sub contractor will be out of GST. However, the same will be considered as an exempt supply (being non GST supply) and ITC needs to be reversed proportionately for the same.
sachin nanda
(77 Points)
Replied 03 May 2019
pritesh
(CA Final student)
(7101 Points)
Replied 03 May 2019