After GST - Machinery booking on commission

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..... Hello Sir, We have a business of booking rice mill machinery, Manufactured by X Company, to rice millers in Andhra Pradesh for which the X company pays commission to me. After GST, can we continue as it is or is it necessary that we purchase from X company and sell it to rice millers. Thank you. - Reply By KASTURI SETHI - The Reply = Sh.Udaya Kiran Ji, After the implemen .....

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..... tation of GST, the concept of Service will not abolish. It is subsumed into GST. In my view, it will continue. - Reply By Udaya Kiran - The Reply = Dear Sir, Thank you for the reply. - Reply By CS SANJAY MALHOTRA - The Reply = I fully endorse the views of Sh. Kasturi ji. Taxability of Service will remain in GST Regime also, only change would be substitution of Service Tax with element of CGST .....

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..... /SGST/IGST as per the nature of Supply i.e. Intra / Inter State. - Reply By Ganeshan Kalyani - The Reply = Sir, the basis of taxation would shift from service provided , goods manufactured etc. To the term supply. Hence service is taxable if supply is there. Thanks. - Reply By KASTURI SETHI - The Reply = Sh.Ganeshan Kalyani Ji, It is natural, Sir. - Reply By YA .....

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..... GAY AND SUN - The Reply = Lots of work would be needed to capture the existing transaction into GST regime before its' implementation on 01/04/2017. Just revisit all your transactions whether it is related to goods or services, collect all necessary information/inputs/data/documents and then, make a representation to the Government through FICCI or ASSOCHAM to get the replies and smooth impl .....

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..... ementation of GST. - Reply By Ganeshan Kalyani - The Reply = Sir, the analysis of current transaction in view of current taxation and its impact on upcoming GST is essenial to arrive at a business decision. sThanks. - After GST - Machinery booking on commission - Query Started By: - Udaya Kiran Dated:- 23-8-2016 Goods and Services Tax - GST - Got 7 Replies - GST - Discussion Forum - Knowled .....

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..... ge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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