CONTENTS
% ' ! 0
About the Authors
I-5 Preface
I-7 Acknowledgements
I-9
Chapter 2
4 Y L P P U 3 F O T P E C N O #
Chapter 3
16 E G R A H # E S R E V E 2
Chapter 4
30 N O I T A U L A 6
Chapter 5
Chapter 6
Y L P P U 3 F O E C A L 0
56
Chapter 7
S E T O . T I B E $ T I D E R # G N I C I O V N )
Chapter 8
Y L P P U 3 F O E M I 4
104
Chapter 9
T I D E R # X A 4 T U P N )
111
Chapter 10
X A T F O T N E M Y A 0
156
Chapter 11
" 2 4 3 ' S N R U T E 2 F O G N I L l R O F 0 / 3
I-11
162
82
46 F O N O I T A N I M R E T E $ D N A S E C I V R E 3 S D O O ' F O N O I T E A T CA l2 I S S 4 A 3 L ' #
1 4 3 ' O T N O I T C U D O R T N ) Chapter 1
3 4 . % 4 . / #
% ' ! 0
Chapter 12
D N U F E 2
Chapter 13
T N E M E T A T 3 N O I T A I L I C N O C E 2 D N A N R U T E 2 L A U N N ! Chapter 14
N O I T A R T S I G E 2
Chapter 15
S D R O C E 2 D N A S T N U O C C !
Chapter 16
T N E M T A E R 4 G N I T N U O C C ! 4 3 '
Chapter 17
S T N U O C C A F O N O I T A Z I L A N l E R O F E B 0 / 3
Chapter 18
T N E M T R A P E $ 4 3 ' Y B T I D U !
Chapter 19
T N E M S S E S S !
Chapter 20
S T R O P E 2 3 ) -
Chapter 21
R O T E I R P O R 0 F O H T A E D O T E U $ S S E N I S U B F O R E F S N A R 4
Chapter 22
Chapter 23
D R A O B H S A $ L A T R O 0 4 3 ' F O W E I V R E V /
467
448
S E C N A Y E V N O C D N A S D O O G F O E S A E L E R E R U Z I E S NT OS I I T N N A ER T T E N $I
433
427
423
394
350
337
321
300
297
189
I-12
4
CHAPTER
VALUATION
F Y4DO E L 3 P NE P'I U URML SE A R DT V E EN L T EC B AUDE S XE SR R AX A T O A E AT UC L SSA F I SAVO Y E N L E CP O HI I PT V TX R U AA N E NT SO S I R RHDME OCE RP UI E O DSVTR E E NFL DP AOE Y SERSV DUAU E L L OA H OV O 4 GE4 T 3 FH E O C T' N A YE) L NR T P I O R PM TO UR 4C P SE 3!M T AE '4I TD 43 T A S 5 'O O HT T M S4#T RI 3EU A EP'H L E TF C 3 T O SS FS O I T I TX I Y 4 L EE3 P CN' SP E NH # U /T US
4.1 INTRODUCTION
S YS SI L N E P Y C PAI V UEV E R SME L ES AR 4 R3 E FH O O ' E DF U NO L AE A S V SO D T OP C R OU ! G FP 4 O E 3 Y H ' L T PR # P E UO H SF T E E E FUHUS L L O T N A A R O V VO I T NF ND I OL EI ON NI TB OC TO I C A T AY AC C S ESA O NW 3NP A A R T R RT FT O F O E FO DO SH T I NT N O ANE E P I O B S M Y I I T L L V L L L L P A OA l O RHUD L PS T U F E4CAO H3A T R T 'EET C V RRI C R EE E E P J WB PD E OU SNH (S !UT ‘Transaction Value’
D N A D E T A L E R T O N E R A Y L P P U S E H T F O T N E I P I C E R E H T D N A R E I L P P U 3
Y L P P U S E H T R O F N O I T A R E D I S N O C E L O S E H T S I E C I R 0
T OD R E E TI l T E HT GO D I S RN EE BL EE U L2 HB L T A Y H DA S4E VM E3R U'E S L #SA A VEES EHRE I HTOL S F T P L PI L NOA UC E6SS H) A N T HHU R DETCO T N U# EP S4 E lA SH F3 MO I T # N A T' S NRC E E TI EH VP O T OS ND 'EF EE RO R E BH A NN I O SR4II C NS ST D OE A I OD R T I POHN D TE NRTE OE M CN MM ENSNO O VAEI C OMLT E B UA R AE2UE H L ETGA H N HNI T T I VN N Y HDA I O F T I E T O C I NTE N BI Y OP FMC SB )
-
RS E U DC NF UO DS NT P AE SC DN OO OC GE RU OL F A EV S T I E C K XR EA LA R T D N E ET CP RO E DD NA N UE SE E B L P E I VD C E NAD I H R D SA PE NC N I OV E I T RE A E B US L O RS A O L VF A EX E HA V T TA 4EH C 3I S 'V M R E NS O T )
-
E H T E R A H C I H W T C ! 4 3 ' ) E H T F O H NC OU I T S C ES 3A DE NT A T AS S E X A T TE C S !E H 4T 3F 'O 3Y V 4L E 3R 'O #F N EO HI T T C FE O S G N NI OG I R T C A EH 3C
N O I T C E 3
N O I T C E 3
30
N O I T C E 3 O T
R E F E R W A L 4 3 ' R E D N U N O S R E 0 D E T A L E 2 @ F O G N I N A E M R O &
Explanation
3 % 5 3 3 ) , ! # ) 4 # ! 2 0
K D DO I N R S C ET I E T U O N H A T W B O T L S T I S E T S A S SG 2A E R DN @ Y N E I L N T B MA O I R H O S L E T H RP V U D O H E R X E B T T N G O L O L E% A N N SI O H I N E L R E D T I O H S T N RN R T N ND O E TA O S C T OE N T E N L F C I N S O E O T T O T I ! R C C F R Y Y U T A EE S L O SO S T N R I S P P L DH C N O O E NNT E D T C R M WH OE C E E I I OT Y D E S EF T O F L I I R BS T YO N N I N D L C I D I SS E G T F E R A O N CE R A E R R O E O I C O DHP D E R RO I E M ETR Y S R L Y D M N T HIU R I R N Y R O T E E C R L I O L C L SEP H E O P R I I H A E T R F O T T I G Y H F F C A D L E M O Y O T E ! T L 2 L C R E T E H E E R E C 4 O R R T R E R F A E 3R T A O @ I A A R N D T 'E B S S S IE M A N #HH F N N DC E O O O NRO M H ETT E D S S S O S HE E T S H R R R S E T P E T E E E FN R NT R P FI PS P E F OO EA A O F HE H H PVH O HS ET S I S S E T C C YF CS R NDD O E R N B UE U U NYO OTN P O O SN S S AT I T NA C ES I S HS N GNO O I US T OR C HE E 4P3
R EE NV OE TO A S HW T NO I RH E E HR I T D A O E N NO T A AI L E ESR S NE OC E FNB O OO SCT S ED E L E NO I SM S URE BOE R D EO HT E T U B NBL I I L R A DT H ES I S T D A I R EE C OLH SOT S S O R A O E ET H R N T A EF OG O HA WED L E SO B NS I R OEC SH S R TE E SD PI b
c
Y L I M A F E M A S E H T F O S R E B M E M E R A Y E H T
S N O S R E P L A G E L S E D U L C N I O S L A v N O S R E P h M R E T E H T
E L U 2 R E P S ! T N E G A N A H G U O R H T T O .
E L U 2 R E P S ! T N E G A N A H G U O R H 4
viii.
R O N O S R E P D R I H T A L O R T N O C Y L T C E R I D N I R O Y L T C E R I D Y E H T R E H T E G O T vii.
F SNEO YR S NE O E I AT T H PN A T UR MEL A O! O V E #@ S DYR U NNE A AAH L PT C E N ! M H @ R O O7 I E Y# T D C N EN S AS U PE " I@ RS MN E N OAYD O #PNN S A R MP UE SO E E P I CMU N L D AEOA E PS#V T E A ONL MH E OTTO CFST IR E OODC O AB WHO S TCG NO A NE AT Y I R D L NP T SI E R OSPRM E U T E E C SPE R EA N R HOSDO A I I STE D ET C E NBBE O R I LS LA L A T C L I O 9DA WHT LS SN O R NE O S -HASE I A I R T YT CN A E A N S PA 8HAI L 4OHMP T R T OX " N NC -@ E I I
N O I T C E 3 R O O T N O I T C E 3
Explanation
Para 4.3 31
4.2 MEANING OF RELATED PERSONS67:
a persons shall be deemed to be “related persons” if:
-
i.
ii.
iii.
-
iv.
v.
vi.
Valuation of supply between distinct68 or related persons:
4.3 PRACTICAL ISSUES
Issue # 1: Transactions between two companies where directors are common
i
a
EL Y CP AP L P U SS E A KE AB T N YOO L I T P T PDA N UEA SML YEP NE X E AD FEE ) V BO E LB R L I A A HWF STO I R E H E HTS E T U I WHL A WC O R 8 #@ E D N R :-U 9DS N 8NO @ AS N R I OE R# P E N D T E R T :A A L P9E A8R SNN I EE EE 8 @ WW TE T R E -B B Y 8D E L E S N T OARL A TC-E S E R I VEE X C EON R B I A OA S T 8 R DEE R EHV MTEENWD ) E ON DY (A T ST IT M I LNI SR O REXl T EEE N H TT OHO #TN N O TI S# A E SO HE T RD SA L: E HO 9 T SR8 A T T EN S R N O I OC R MS E N UN R OO HR T I T T A C DP E ND 3 A E OS Z T I N N NW G OO SO I I T A GC NN E N O R I AR SD Y L L L P L E O S A XP N % HGO E E E L S HRA A R T E HS FS I IP
SL NE LNE I A O F RKHII T A E SA W NTSN T S YMAI R L L H A P RP PPl X H UE EG AS U S E SYE O I V R H NT OH EA F B T I H A F W) T O F# O B SE O I R (A R E HH E ST # R A E " H HE! S SS W U L H A O L R TO I C T W #R N H O E T DC I O W##NL Y T "UC !NE O # DOI R # SD "NR ! AEN :@ PI 9MOD8 ER 8R#T @ l A NP L I E : I T H RS 9RA E H NR8ET B E T N D R N O ET A N T PRED U A WEO APT R EMG SRB I E EE 8HEEH T CDT O R AEN NL -A PBO EF VO I S F E YR T A N H ES WR TO SK DC L O O T HS RG ON ST I L O O RV T N G ON CI SD N NA T WS OT U YO L T E C EH R T I F D NO I E RR OO YM L T R C EO R I M D E N O H STT R NF E EO PC H YRT O NE APB
HETS C R T M E A O R R B9I l L D E N O D I H RN T AET N V H O A T C8H O E BT H YC v L T RC T R N O C O! E I H4 H ESBT R T T DA I O U3 D NH A' E ! T T F# H O DO I T H F S NC A O L S SNS O A O R EEEIN N O T B I O N DMS P I O S R O Y I C 9l AEV Y DEW O HR L T NNLTP C A NE E AON I R L H I 8 A O ST D RCU N HT R I NTHE I R GON4P O UC S O O S A Y HYI L R T TLTME L A R C A L l E E NU H R R T O E D I O I I N H D T V I T A H I E M UD C HA F T T NI E I O I E H S T TWBO E D U F V RT O BNE D E O AVE N BSDOT M A L O AR N L O E AR E HlB R STE N TEU OR NT HHC A )
DE ODE B RNT PAA N LA AO E C R S#N H I T 9 EO E B :W R 9 R TE -8 E H N BT ONNE E SE OH I SW T 7 I C (TA E S N BN E O R I EAT A CRA T HL AA N SP A L EP S B E X K O E T AD HT E T V I YEO WL MB PE P A O UEF D #S Y EOL YB I N L M :AA L A 9) FH F 8 S E @ T M I O N# EA RS I E S R H UF E A T O L N#E C T S H R RE "W R A E ! P@ DB N AFO M SO#UE I R N 8O OM T SL # D E I R R "E E R! -P PH
YS BI E DR T EA R P E VD OE CT A SL UE HR T E DR NA A EO V# I T A L # E R " E! S OD L N C A A SO I N# O 3 R: O9 H8 T H U AT EO HB T S FU O H N4 O I Y N L I I P M OA EF HM T NR ) E T E H T
Ans:
F I T S I X E O T D E M E E D S I L O R T N O # T A H T S E T A T S N O I T C E 3 O T N O I T A N A L P X % h
iv
. / ) 4 ! 5 , ! 6
S N O I S I V O R P E V OS BE I AN EA HP T RM E O PC SE A H ST NH OT SO R B E PN I DS ER T O A L T E C R E R EI R D A "N DO NM AM !O YC NE AR PA M9 OD #N SA E 8 9E C N I S Ans:
32 Para 4.3
Ans:
Issue # 2: Transaction between the firm and its partners
a Ans:
Issue # 3: Transaction between two firms where husband is partner in one firm and wife is partner in another firm
a v
v
Issue # 4: Transaction between a partnership firm and a proprietorship firm where father is a partner in the partnership firm and son is the proprietor of the proprietorship firm
-
a viii
R E D N U S A L O R T N O # @ S E N l E D T C ! S E I N A P M O # E H T F O N O I T C E 3
TDIH N T OCI EO EW T D MS R ER F E I L E P H DTT S MN I E X IU H O E E T OW BT R ETD E L SIN B AUAN SMSA S I T M I YIL Y R T O I E RN T VT N A EENN RWOI OO#L Y L T N(O C O R E SNT R O N R I I E OD T PA C N ZR I YI R NNOO AAFY G Y FR L R I T OA C TN SE S I ASR E X I ENCD E I E DS ON NE T I OTC W I DS O NR I N I A E E C S SUH EI T mO SD I PN LRII R H A O L SEO RU R T P CEBI N N I N H OR T AS CA WC R SPOSE T NN UYA OW HN HS I 4AT O
T O N D N A Y A P O T E L B A I L E SC A I R WP RE E H I L T P N PI UD SE HD CU I L H C N 7I E H T Y B D E R R U C N I T N U OT N ME AP I I YC NE AR
E H T Y B D E G R A H C T N U O R ME AL I P YP NU !S
S E E HEC D T I FEV O R RE OS TF C EEF PBO SRY E L O R P FP NO U I S EER NMO OIS DTD EO GH NT O I G T H A F T Y O NYY ALR P PE RU V OS I F L
N O I T A R E D I S N O C F O T N E M Y A P D E Y A L E D R O &
Y T L A N E P R O E E F E T A L R O T S E R E T N I
LE TL N AT H EH MSF NYO RD YY = L E P S VI D B PS I OU UB 'S SU FS EFO T O E A E H T T U T 3NL UA S L E OVV A RMEE I T A H N C EETE R N #H I O 4D N; H E A DW HS E R T UE I L D I C RI L NP E SI HB P T EU UB /S S E H T O T D E K N I L Y L T C E R I D S E I D I S E BI C UR 3P
e
i
c
-
ii
G N I D U L D C N NA I SC E T S NE EG N PI XK EC A LP A T N N EO I DS I S C I NM I RM OO &C R E I L P P U S E H T Y B Y L E T A R A P E S D E G R A H C F ) SY E N EA F R SE E D S N S U E CD4 E3 SI ' E V I EN T L U A DSH E T SGR R E E A XH H AC T T O YDW NNA AAL
d
b
% 5 , ! 6 . / ) 4 # ! 3 . ! 2 4 / 2 & 3 . / ) 3 5 , # 8 % 3 . / ) 3 5 , # . )
TC DO EN I T $ A SE L I E G R @ D I E R N B I M M R A E # T E MY DRB NEN T OE E I T V HI A NTG ARN L E O P I T XVI EEN EWl VOE O(D B E AE H VT EI T HC R T E E FP P O S S R ! E PW L A O L R S T4N EN S A UO3E AC'M L C EEL H OHTO T T RT R E MD N ON O R U# F Y D EN ER S A N UOl S N R AE O EI L # PDT
a
Condition Inclusion
Sl. No.
-
‘control’
a vii
a iv
Para 4.4 33
Issue # 5: How to determine ‘control’?
“the act of controlling something or someone, or the power to do this”
Source: https://dictionary.cambridge.org
(27) “control” shall include the right to appoint majority of the directors or to control the management or policy decisions exercisable by a person or persons acting individually or in concert, directly or indirectly, including by virtue of their shareholding or management rights or shareholders agreements or voting agreements or in any other manner;
-
4.4 INCLUSIONS/EXCLUSIONS FROM TRANSACTION VALUE
4.4.1 Inclusion in transaction value and the conditions thereon69
N O I T C E 3
. / ) 4 ! 5 , ! 6
OS SE HA L G T R R SA OA H WW C T M H G E T I I E N R A F F N O FO EOT E L SA A E S G2 RR OA 4 F H3 C ' # TE @ YHH G NI T AE E R PF B MR L L OE A #H H TS OR T T UA E H C&7 I O V E N C I I O N4V A3 N D I E'E UGM SNA I S I Y S L P ER ! @ PHO YAT N N A I P DR E O M I V O E # L
EY CL I P O P VU NS I EE T MI S AO S EP HM T O NC I @ T FE H R GOI I NT E N O R I E F T DI N ENO I F GE E R L DB A H A CEC H ST I L A P N HI P H A ! TE @ YIB NWL L AL L A PA F H MS S ON #O I T EC F S AO A E CST N TA A N R 2 AT T 4 S Y3 NP L I EP' HUS T SU NEH ) HT T D ON SA YEDS NREM I AAV PSE E T MMLI E OT ! E @ S #I E EYH OS N T E ATR L SHP L O M4 A E MT O T S I #N IR E A E E RGO R H HA T T F RES C U O I &O E E V G L RNR A E A S HIH R TEC O OMT F H A E HS G C I C A E ER I E O HF V OT N T N N I DIO E E E T L T G A A N L I E 2 S 4R 4 A3 T 3 D O ' E'NFE U DOH S N ST S AEE I GB TR ! N @ AL L E HA Y D CH N N A E TS P P H T GA M EI DEH N O# R7 #@ IF
T AEYU BEB ST H A OT DNSS ENAM E YT AL MC I P RS E PE T UU H EHST BTDR D EO TN XF O E NAIC NSMR I AMAP CET TOL E NI TNG ON I N OI T ES C S L D AN A O S NESNS I APT E R EISC T D IR I E R NE YI R P L E H P L ET HA PR U UARTD U T SS& A I H V ED T I D O HO D E T DN L GD NI EEN AN S HUYW A CTBLO E S T Y TA R A L N I L R E AYA A L R T H P S UPT E NPT G I UASN ESNL DV I ESO HT A T ASH I S NO DEE ) PEBR MMNA R L OE AL CA CT NER EHO KTP ANO T IR SDP MED GE ER T G I AR EHA HCH T LEC B L E A ROBR OTDE S L F I U D EEO N T CA HU I O SS V2EA N4A TS I E32M ' MT E 4T AA I 3L S H'A EW U H SD T ORI NTOV I I SHD T TA U H N SA I GE I F S E E I HO R R F T E A U G FL NNOA O I NV I G T O R S E I A E N H HUI T PR CQ SAOE I E P OH ! S T @ 3 A N Y ) Y NR L AE E TT H PT H A G ME N I GE OO O RT I #T F
M E T )
M E T )
M E T )
E C I O V N I E H T N I D EY DL RP OP CU ES R H YC L U U DS F SO I T TC N E UP OS CE S R I D N I HD CE UU SS S F II E H T TY A L P RP OU ES R E OH F T E BF NO EE VM I I G T
a
Condition
Exclusion (Any discount)
Sl. No.
2,817
25,000
1,50,000
Total
GST on Freight
GST Rate on Freight
Freight Value
Taxable Value Items
`
`
`
34 Para 4.4
4.4.1.1 Practical Issues
Issue # 1: Levy of freight charges by the supplier of goods
`
`
Ans:
`
Issue # 2: Levy of freight charges by the supplier of goods; Invoices containing items of different GST rates
`
Ans:
-
4.4.2 Exclusion from transaction value and the conditions thereon70
N O I T C E 3
3 % % ( # 3 , ! . / ) 4 / / 2 0
E OD S D T H N E R N E T C A I I E R I N C O L DY XOP EL V P N P T A R P I T N E U T T U T U S N U S N OE EH PC A H V N TC E S I IT N U L D E Y ES E HHB MF R T EO O D DCE U EE T E R SU M S G R I D OS S E AT E K VTI E NE N EL T AH I T R N L B SA E FT Y A A O T L M L R A HU SO U TBC C ME I I N F RR ERO I T I E O C T D P T F ED I A F NE PN C O B A S I E #S R 4S I E) H A TB 4I
-
(ii)
S I T N U O C S I D H C U S F I
Y L P P UD SE T EC HE T F F RE E T N F E A E NB ES VA I H G
(i) b
Condition Exclusion (Any discount) Sl. No.
O 4 T E 3R T E 'H C E P WS # ) E " R # T H @ I T W R O S H T S B U4 N O ) 3 D' S S M U R E O OD T I R S N U AU # VS D NE N OM A NE OH S I E C X TS A A CN I 4 F O II T R T C AO E C L M R I O GR D NP N I ) S F WE O O L L L A DDO S RE FF A UDO OS ET "S UN LIS E G A S N R I M I T SA T N E7AE YHR #C TT I I EL X HO YA 40BT Clarification (w.r.t. ITC availability) Clarification (w.r.t. value of supply)
TSSYD N DET L I L U EO V P T O I OM X T W C EGA L A R A S ET E HI HP IEC L# T E P U AF R SP4 OC T ) EEUE D S R HE RN T H E ) A H I T O L ST EF WL P O PE RU N C L UV I DI OE SR I A VEV T H EEAEC L S W A HT E T O R O3T U OPN(NE I T IB L N H DS I T T # I I EF G WI 4SSI L )TUG E U S L L OPEDA E .NRNF B A A I F EYY Y DLR NLTO EA I P DEAAP V ) I I DHT T E V U CU C L OSI OSAU RT D PSHH@ E S I W E T K SC IAHH E L C OCWYT3 T F P I E E T L R MSS#A F O R /UEO AT E S &QHT S N I GE O TWB O T UI I TM S T N RNI P OO TC DAC E SPA CA A M FDXE R O NEH HOP T E O CCL T EI 4NC U A T R I 3 SACF A ! H R SMI E 'I D D T D R E ED EI I L A A P IRWS HML MP PSESE D N P L S L AYR UONA H 3BE SCUF T
RLSS A OT DR F IOE RP F E AOF I CGO L F H P O C PDY U UNL S SAP F E PO S U HE T SR T C O OI A V T T P R N EE S L O A S B I T ATA H L T I UE LO A VPRB ANNR I I O E D S BSE T E LU SI C L A UV P HNSR SI DE #EOS OR 4HG O )T L T TS S EE E G D A D S NEE EIDU NAO T T I A R I O OF N L S C DE CP OI A AO AG THP NPF VBCG E I SH I U NED STO GU T S) E I) T A @ W N R T E DRO HGN Y NBO TNOFICL F I G E I I P HT AT E R O T R E N F PI CB A YOPU POO NS R Y L MESL E AOE A P I L P D OTS L P G EP I SEA GMS UR R N U NH TEN I I SOS S T EO SE TOL C R N I NT N R I ECAO ESO F OE U T NYUWA AF Y'P AONDTEEDO H I R F E U@E RSAV T E O H T R A I T E R BO H R T A D U EE C @ E OE I WF N H P F O T S RR F I E PO HN A I A EW SDTP T R HI ACEEEE Y I F CWTAP GBH L G A R PN U#O TT T A P M S S AO R /NU HEO UC F& OL TO SBS BF SA ) I 4.5.2 Buy one Get one free offer [Para 2B of Circular]
Example:
Para 4.5 35
4.5 PROMOTIONAL SCHEMES
-
Circular No. 92/11/2019-GST, dated 07.03.2019
4.5.1 Free Sample & Gifts [Para 2A of Circular]
-
R E HA T R E HO Y WL P OP T U SS A E NT I OS DO NP E PM EO DC LA L I S WI Y YL T P I L P I B U AS XE AH 4T
. / ) 4 ! 5 , ! 6
LF L O A HS SN OT XI AS C I T ! V FO 4 O R3 EP' T E3 A H R T ER 4 HE 3 T P' DS# NA AD E H YET L NF P PIO M UR SE N DTO EET I XDC I EE MB S
Clarification (w.r.t. ITC availability) Clarification (w.r.t. value of supply)
EDEN HNT HO T A H LSOT I E O T A CNB VI AV R O R O I OE TS T A S L E DTE C EUR I L V P T R I NE NI T I N ESDS R T EUEO S BPU SS N D L T SON LID A HH OU SCOGO O U F C RSGO S E I R L I D Y O L A L F P T P H I P P PC U#A UU 4 3) CS S L SCSTEEFDTD T ERHE S H N ST R A N HOECN T I E VOCC M E A UN E I N I E F U T D O N U E I O I P WMO CU E O E F LP NMIF MT I R O L T UC BT3V M R A U O E A E N A N OC I A EO L S I A T N REE HNN ET I D T I EO T S SR C E N T D I SU E A S DA I R SD NG WATEY RV EO H E T ! C E T T S UAROUEEE HI A S D N N TE M I CDEONOHQDBH E S UN N D S D F O S T CAE MSLRA OE TLSST UA EH A A P U S C T F N A O A B I CR E OHTVR H O U O A R H D S N A T G CCEOU W CNMPO C R S I E B R F A C Y O R S E H ' O D H I Y P V A W L M U I R N X UC Y L L OH D TGASP T ) A E P O A R S S DC RDBE R NR EPUEAUENPE EE F 3 EI H O O T N A N Y U L I O S O R NP K UN R FA N FA I D HTO T A I R SE &O E SA T I O S N O C H A S GI C EEMC T E S=TN E DIYAS EG T T L S F GR N S A L I N E N S I H D E R A Y E O A E A P D AP X D T U U UU H ST T EAE S AHEPC R N O S R E E E S I O O T F R I HE UO RS E L A R PC CC C C CNNL C R R U E CT S I T I B R S SOK VU N E S S NCO UI S N OS I FN FD I I E AE N A D SC ) T &OD D P O P CE F T ISAE I VR I L O L ET O VMS NT O OT ) 4.5.3 Discounts including ‘Buy more, save more’ offers [Para 2C of Circular] -
Staggered discounts to customers
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Periodic/year-end discounts to stockists etc. “volume discounts” :
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S ODNFSI R T EIOIS E S DNA AL LA I DI BP EV S YEP DOWR L HU UROEP D V P L PTS C E N U Y SR E XL SOH R EP T E E T EPTHENY H E U T U BS T B M O G F LFA C L D O N O A S R E I TI HEA D U D N SU UE S ES LPL I SA I C H E P T T V N I H N S C O UETIE T T OH R N EE CTY L F E E S S I HBM I N A T D T I T A U NYU C EMSO B BO VR I I OEYT D R #T T E C BE TF E4A HS !DT ) O
Such discounts are passed on by the supplier through credit notes.
36 Para 4.5
Practical Guide to GST Compliances AUTHOR PUBLISHER DATE OF PUBLICATION EDITION ISBN NO NO. OF PAGES BINDING TYPE
: : : : : : :
D.S. Agarwala, Vikash Kumar Banka, Ayush Saraf TAXMANN MAY 2022 2022 9789356221833 488 Rs. PAPERBACK
: 1195 | USD : 49
Description The book aims to deal with all the critical issues that a common person who deals with the GST law faces and their possible solutions. The authors have incorporated as many problems as possible and their potential solutions and suggest a preventive, corrective, and defensive approach to tackle those problems. The book has been written in a non-technical language to the extent possible so that even a common person can understand the solutions to their problems. Reading this book will give a bird's eye view of the GST law's problems and probable solutions. Since each issue cannot be framed in a question-answer format, in some issues, the book contains commentaries which give answers to many questions in one write up. Tabular formats have been used in the text to be easily understandable. The book is a blend of question-answers, commentaries, tabular presentations, and diagrammatic presentations, which gives a complete view and perspective on the law. The Present Publication is the latest 2022 Edition, authored by CA D.S. Agarwala, CA Vikash Kumar Banka and CA (Dr.) Ayush Saraf. The law stated in this book is updated by the Finance Act 2022 and updated till 30th April 2022.
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