consumption, Goods and Services Tax - GST

[arun aggarwal]

Sir

As I understand that in the regime of GST and specially for the SGST it is consumption based tax in the the state.

The mechanism of the area based exemption on SGST is based on that the product should be consumed in the state only.

My question is the on the defination of the consumption in the state , does it means industrial consumption also?

Arun

Posts / Replies

[KASTURI SETHI]

It is taxable. It is like captive consumption. The goods will reach final destination when these are completely finished. In other words goods cleared for industrial consumption, does not come into the definition of destination based consumption. Clear answer is no.

[YAGAY AND SUN]

Please check the Budgetary Support Scheme under GST.

[KASTURI SETHI]

M/s.Yagay and Sun,

Dear Sir, Thanks for enrichment of knowledge.

[arun aggarwal]

Thanks