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TMI BlogGST LIABILITY OF DISTRIBUTOR AND RETAILER ON RECHARGE/ E TOP SALEX X X X Extracts X X X X X X X X Extracts X X X X ..... PLEASE ADVICE ON GST TAX LIABILITY ON ETOP OR RECHARGE SALE THROUGH A DISTRIBUTOR AND RETAILER. REGARDS LALIT - Reply By KASTURI SETHI - The Reply = Dear Querist, The undermentioned will be helpful:- For example : A manufacturer supplies the goods to wholesale dealer and wholesale dealer supplies (sells) the goods to retailer and retailer supplies (sells) the goods to the ul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... timate consumer.A supplier (manufacturer) charges ₹ 120/- (Rs.100/- + Tax ₹ 20/-) from wholesale dealer and wholesale dealer avails the credit of tax of ₹ 20/-and his value addition is ₹ 10/-and he charges + tax @20% on ₹ 110/- i.e. ₹ 22.Thus he charges ₹ 132/- from the retailer. The retailer takes credit of ₹ 22/- and his value addition is ₹ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 20/-.He would charge tax @20% on ₹ 130/-(110+20) which works out to ₹ 26/-(GST). Thus final consumer will pay ₹ 136/- Thus tax has been charged at each stage on value addition only which avoids cascading effect i.e. without double taxation. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = GST liability is there if you cross the threshold limit of ₹ 20 lakhs. - Reply By ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Ramesh Kothari - The Reply = Tax applicable at every stage till reach to consumer no double taxation - GST LIABILITY OF DISTRIBUTOR AND RETAILER ON RECHARGE/ E TOP SALE - Query Started By: - lalit kumar Dated:- 2-7-2017 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... india - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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