CA

T1 ER GS -INTE
GS -INT
T1 R
CA

' Collection
CA IPC/INTER Goods & Services Tax (GST)
TM

1 Person Liable to Pay

GST TIME OF SUPPLY
09850850800 Description Sec 12- TOS - Goods Sec 13 - TOS - Service

LEVY, COLLECTION & PAYMENT

Normal Sec 12(2) Sec 13(2) Normal Charge ECO u/s 9(5)
Charge -Invoice (a) Invoice within time : (i.e.30 days or 45 days) Reverse Charge
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- Last date of Invoice - Date of invoice Supplier
Join Subscribe Whichever is earlier - Payment received whichever is earlier
[As per N/N 66/2017] (b) Invoice not within time :
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- Date of completion Passenger transport Accommodation House Keeping
- Payment received whichever is earlier Service by cab for lodging or residential Plumbing
(c) if not (a)&(b); date on which recipient shows the or Motorcycle purpose in hotels, inn, Carpenting
receipt of service in his books of accounts. guest house etc.
Goods Services Section 15 - Valuation Reverse Sec 12(3) Sec 13(3) 100% tax payable
by ECO

Supply Charge - Date of receipt of goods - Date of Payment Registered Unregistered

Sec 2 (52) Sec 2(102) - Date of Payment - 61st day from invoice date
whichever is earlier Hotel is Hotel is not
person person
- 31st day from invoice date
whichever is earlier Proviso - If all 2 above do not apply - date of book (Whether Cab registered registered ECO is not ECO is
MEANS Sec 15(1) Sec 15(2) Sec 15(3) Proviso - If all 3 above do not entry in the books of account of the recipient of operator is liable to pay Tax liable to pay Tax
LEVY Any kind of Anything other Value of Transation Inclusion to Transaction Value Deduction of discount
apply - date of book entry supply registered or not)
ECO is not ECO is
excess amt. Proviso to Sec 12(2) or 13(2) - TOS to the extent of such excess payment received at liable to pay tax liable to pay tax
movable property than goods Taxable= value a Duties & Taxes : All taxes levied under any law for time being in force upto 1000 option of supplier shall be date of issue of invoice related to such excess payment Normally The ECO of the service
Supply other than GST Acts if charged separately if the ECO does not have a physical
Charging Event EXCLUDES Price 3rd party payment : Any payment incurred by the recipient for
Voucher 12(4)/ 13(4)
(a) Supply against voucher identifiable – Date of issue of voucher presence in the taxable Territory
any person representing the ECO for
any purpose in the taxable territory
actually b which supplier is liable to pay Any discount given before or at Any discount given after supply (b) Other case – Date of redemption if the ECO does not have a physical the ECO shall appoint a person in the taxable
the time of Time of Supply presence or does not have a representative territory for the purpose of paying tax and
Money & paid or
Intra - State Inter-State Securities INCLUDES payable
Incidental expenses: Any incidental expenses charged by supplier & Residual case 12(5)/ 13(5)
(a) Periodic return has to be filed – Date when return required to be filed
for any purpose in the taxable territory, such person shall be liable for paying tax.
c any amount charged for anything done by the supplier at the time of
Deductible (b) Other case – Date of tax payment Sec 2(45) : E Commerce Operator - means any person who owns, operates or
supply or before delivery Agreed at the Time Not Agreed
(Sec 8) (Sec 7) INCLUDES
Separate consideration is charged for
Use of Money or Conversion of money
for Supply
from value or before supply Interest, late 12(6)/ 13(6)
manages digital or electronic facility or platform for electronic commerce

Where LOS & POS are in a Where LOS & POS are in a Actionable Claims Growing Crop, grass & things Conditions: d Interest, late fee penalty: for delay payment of consideration
Deduction fee or penalty Date on which supplier receives such interest, late fee or penalty on delayed payment Reverse Charge
Same State or Same UT Different State or UT attached or forming part of land agreed to be severed Explanation:- For removal of doubts, it is hereby 1) Not related party Deduction allowed not allowed Note : Date of payment received means Date of book entry or bank realisation — whichever is earlier
clarified that the expression “services” includes 2) Price is sole consideration e Subsidy : Subsidy directly linked to price by person other than i) linked to the invoice
before/under a contract of supply etc
Location of Supplier (LOS) Place of Supply (POS) facilitating or arranging transactions in securities. provided by govt. ii) ITC reversed by recipient
9(3) Notified Cases 9 (4) Specified category of goods or services from

Normal 0% 0.25% 3% 5% 12% 18% 28% GST

Compensation
Unregistered to Registered
Sec 7(1)=Supply Includes Diamonds, Precious Silver, Gold, Cess Notified Services under CGST, SGST & IGST (Sec 9(3))
Rate Stones etc. Platinum etc. S.No Services Description of Services Person liable for payment of GST under RCM
1. person who pays freight is Notified person who is liable to pay freight
GTA(who has Note : GTA liable in following cases

Supply of goods / Services with consideration Supply of goods / service without

Composition Scheme GTA Services in relation
to transportation of by
goods by road
not paid
CGST 6%
a) Any registered factory.
to c) Any Co-operative Society
e) Body corporate or;
b) Any registered Society
d) Any person registered under GST 1. If notified person located in non-taxable territory.
2. If person liable to pay freight is not falling under notified categories.
f) Partnership firm, (including LLP & AOP) 3. If department or establishment of government or local
& SGST 6%), g) Any CTP. authority government agency opt for registration only for
consideration [Deemed supply] Sec 10(1) Sec 10(2A) Sec 2(6) - Aggregate T/O : - Sec 2(112) - T/O in State/UT:- Procedure:- the purpose of Deducting TDS u/s 51
* Service by GTA to unregistered person (including CTP) other than above = Exempt (Sl.21A)
Means, Aggregate value of - Means, Aggregate value of - Rule-3 Intimation by URP= Pay tax under
Sec 10(1)- Applicability: Sec 10(2A) - Applicability : - Composition levy in part B of FORM- 2. Legal Service Legal Services provided by an individual / senior /firm of advocates to business entity directly or indirectly. Any business entity located in the taxable territory
Schedule I Ü All taxable supplies (Excluding Ü All taxable supplies (Excluding
Sec 7(1) (a) All forms of supply of goods / services Sec 7(1) (b) Import of Services Ü Applicable to ‘R.P.’, whose Aggregate T/o in PFY is not exceeding:- Ü Applicable to “R.P.”, whose Aggregate Inward supplies, on which tax Inward supplies, on which tax GST REG-01.(Considered only after 3. Arbitral Tribunal Services by Arbitral Tribunal to business entity in a taxable territory Any business entity located in the taxable territory
Ø75 lakhs- For special category states (Other than H.P./Assam/J&K) T/o in PFY is not exceeding - ` 50 lakhs - grant of reg.)
payable by person under RCM payable by person under RCM 4. Sponsorship Service by any person to any body corporate or partnership firm located in taxable territory. Such body corporate or Partnership Firm located in
Ø150 lakhs- all other states (including H.P./ Assam / J&K) for all states Intimation by RP= Electronically file Sponsorship
1 Permanent transfer or disposal of Ü Exempt Supplies Ü Exempt Supplies made within a a Taxable territory.
Import of service for consideration Ø & Person is not eligible to opt an intimation in FORM-CMP-02, prior
business asset where ITC has been Proviso 2 to Sec 10(1)- Ü Export Supplies State/UT by a taxable person
Such as In the course of furtherance whether or not in the course or scheme u/s 10(1)/(2) to commencement of FY, for which 5. Government Any Services provided by Government or Local authority to business entity
Made or Agreed to For consideration availed on such assets. Ü Provided that a Manufacturer/Catering & Restaurant / Trader- Ü Inter-state supplies of persons Ü Export Supplies Any business entity located in the taxable territory
of Business [Sec 2(17)] furtherance of business option excercised. other than 1 renting of immovable property/ 2 Service by Department of Post / Service in relation to
be made May supply services of value upto 10% of T/o in a State / UT 9or having same PAN, to be computed on Ü Inter-state supplies made from the (Any intimation i.r.o. any place of
•Sale 2 Supply of such goods / services or both Aircraft, Vessel inside or outside precincts of port or airport./transportaion of goods or passengers
Import of Service (Analysis) 500000/- whichever is higher. all India basis. State/UT by said taxable person business in a State/UT= deemed to be
•Transfer b - Between related person (other than services under para 6(b) of schedule II) an intimation i.r.o all other place of 5A. Government Renting of immovable property by Govt or local authority to any registered person Any registered person
a Any activity or transaction Excluding - Central tax/State tax/UT tax/ Excluding - Central tax/State tax/UT tax/
•Barrier •There is an - Distinct person (as per sec 25) Note - while calculating T/o in State/UT above, excludes interest on Transfer of development rights or Floor Space Index (FSI) by any person to promotor for construction of a project
Integrated tax/Cess Integrated tax/Cess business registered on same PAN. 5B. Construction (FSI etc.) Promotor
agreement Any trade, Profession Adventure Wager Any Other When made in the course or furtherance loans/adv. etc.
•Exchange commerce, vocation similar In connection or Incidental or Ancillary With Without of business
Construction Long term lease of land (30 years or more) by any person to promotor against consideration in the form of upfront amount
•An advance Sec. 2(47) Exempt Supply : Means- Nil rated supplies + Wholly exempt supplies + Rule-4 Effective date= 1st april of the FY for 5C. (lease) for construction of a project Promotor
•Licence manufacture activity with to consideration consideration Note : Gift by employer to employee more Sec 10(2)- Eligibility Conditions- Sec 10(2A)- Eligibility Conditions -
has been Non-taxable supplies which such option is excercised. Director of company Services by director of a company or body corporate to the said company or body corporate Such company or body corporate
•Rental than ` 50,000 in a financial year, called a) person opting for the scheme u/s 10(1) (Manufacturer/ Catering & a) Not engaged in SOG or SOS, which are Non- 6.
received Sub - Clause (a) Restaurant / Trader) cannot supply any service (Taxable / exempt), For the purposes of computing aggregate turnover of a person for determining
•Lease Whether or not for pecuniary benefit. as supply. taxable under GST Act.
Rule-6 * Validity = Till person continues to fulfill 7. Insurance agent Service by an Insurance Agent to a person carrying insurance business located in taxable territory Insurer carrying life or general insurance business.
In the Not in Related/ Other except as allowed in proviso 2 to sec 10(1). (Limit is statewise) his eligibility to pay tax under this section,
•Disposal For supply of course or the distinct cases
b) Not engaged in making any inter-state conditions u/s 10(2)/(2A)/ Rule-5. 8. Recovery agent Services by any recovery agent to a banking company,Financial Institution or NBFC in a taxable territory. Such banking company, Financial institution or NBFC
Any activity or transaction in nature of Sub Clause (a) 3 Supply of goods b) Not engaged in SOG, which are Non-taxable under GST Act. outward SOG or SOS aggregate turnover” shall include the value of supplies made by such person from the
goods / provision furtherance course or person 1st day of April of a financial year up to the date when he becomes liable for registration Ü If person ceases to fulfill above
c d Supply or acquisition of goods including a) By principle to his agent who c) Not engaged in making any inter-state outward SOG c) Not engaged in SOG or SOS, through an 9. Copyright service transfer or permitting use or enjoyment of a copyright relating to original literary, dramatic, musical works Music company, producer or the like, located in
of business furtherance + Non under this Act, conditions= shall file intimation of
of service Whether or Not capital goods & service in connection with undertakes the supply on behalf d) Not engaged in SOG, through an ECO, collecting TCS u/s 52. ECO, collecting TCS u/s 52
by An Author, Music composer, Photographer, Artist to Music company, producer or the like the taxable territory
of business In the Taxable but shall not include opting out scheme in FORM GST CMP
Sec 2(31) for consideration of principle. e) Not a manufacturer of Notified Goods*. 9A. Copyright Transfer or permitting use or enjoyment of a copyright relating to original literary work by an author to publisher A Publisher located in the taxable territory
There is a volume, frequency, continuity course or d) Not a manufacturer of Notified Goods*. turnover in State or turnover in Union territory” shall not include the value of 04 (Within 7days)
Commencement or Closure of business b) By an agent to his principle where f) Neither a CTP not NRTP Members of
furtherance Ü If person want to opt out voluntarily= 10. Overseeing Reserve Bank of India (RBI)
a b or regularity of such transaction. agent undertakes to receive *[Notified Goods= Ice cream & other edible ice / Pan Masala / Aerated e) Neither a CTP not NRTP following supplies, namely: committee Supply of Service by Members of Overseeing committee to Reserve Bank of India (RBI)
Taxable of business (i) supplies from the first day of April of a financial year up to the date when such person shall file intimation in FORM GST CMP
Any payment The monetary Provision by a such goods on the behalf of principle. water / tobacco & tobacco substitutes.] 11. Individual Direct Selling Agents (DSAs) other a banking company or a non-banking A banking company or a non-banking financial
e f Admission for a consideration of becomes liable for registration under this Act; and 04 before such withdrawal. DSAs Services by than a body corporate, partnership or LLP to financial company
made or agreed value of any act or Ü If PO is of the view that such person company, located in the taxable territory.
person to any premises Proviso to Sec. 10(2) : Proviso to sec. 10(2A)- (ii) interest or discount on deposits, loans or advances.
to be made whether Related person (Explanation to Sec 15 of CGST act) 4 Import of service by a taxable person from was not eligible for composition 12. Business Facillator Services supplied by Business Facilitator to A banking company located in the taxable territory. Banking company located in Taxable Territory
forbearance Scheme would be applicable for all businesses having registrations Same
Club or Association or Society or Any Such body i Such person are officers or directors of one related person outside India or Rule-5 Conditions/ restrictions:-
in money or otherwise scheme, may issue SCN , & the
13. Agent of Business Services supplied by An agent of Business Correspondent (BC) to A business correspondent, located in the taxable
h Activity of a race club including by way another business from any of his other establishment under same PAN of the conditions required to opt for composition
1) Same as above (f) taxpayer has to reply within 15 days of territory
Business correspondent located in Taxable Territory
-Inrespect of Supply -Inrespect of of totalisator or a licence to book maker ii Such person are legally recognised partners in business outside India in the schemel Correspondent
of facilities or benefits for it’s members. 2) Payement of RCM on purchases from URP receipt of such SCN, & within 30days
-Inresponse to of goods/ -Inresponse to or activities or licenced book marker in iii Such person are employer & employee course or furtherance of business. Security Supply Security services Any person to a registered person (other than - department of Govt. / Registered Person located in Taxable Territory
services 3) Same as above (e) of receipt of such reply, officer pass 14.
-For inducement of -For inducement of g Services supplied by a person as a holder of
such club and iv An person directly or indirectly owns, controls or holds 4) Title on Bill of Supply= "Composition Taxable person, not eligible to collect tax the order.
Services (as a security personnel) by other than a body corporate to local authority/ Govt. authority/ registered person u/s 10.)
Any activity or transaction under
excludes an office which has been accepted by him i
taken by CG/SG/ local authority in
25% or more of o/s voting stock or shares of both of them Common Provisions on supplies” Ü After withdrawal he shall issue tax 15. Renting of motor renting of any motor vehicle designed any person other than body corporate Any body corporate located in taxable territory
v One of them directly or indirectly controls the other
Sec 7(2)(a)= 5) Display at business premise= "Composition Taxable Person” invoice & allowed to avail ITC to carry passengers where the cost of fuel by (does not issue an invoice charging CGST @ 6 % to Any body corporate
1) Any subsidy given by central or state govt. which they are engaged as public vehicle
In course or Profession Vocation vi Both of them are directly or indirectly Rule- 7 = Rates:- Sec. 10(3):- Eligibility Criteria for composition scheme:- i.r.o.stock held by him as on date. is included in the consideration charged . and SGST 6% to the service recipient)
2) Deposit unless supply applies such deposit furtherance authorities. Supply Excludes
controlled by 3rd person Categories of RP CGST SGST Total Basis for Calculation Ü Option availed by RP u/s 10(1)/(2A) - shall lapse w.e.f. the day on which his 16. Lending of security Lending of securities by lender to borrower Borrower i.e. a person who borrows the securities
as consideration for the said supply. of his trade vii Together they directly or indirectly control a 3rd person
a- Manufacturer 0.5% 0.5% 1% Turnover in State/UT Aggregate T/o during a FY exceeds 150 lakhs/ 75 Lakhs/ 50 lakhs, as the case Rule-11(1)(b)- Person can register himself either
or They are members of the same family.
Notified Services only under IGST
b- Catering & Restaurant 2.5% 2.5% 5% Turnover in State/UT Turnover of taxable supplies of goods & services may be. u/s 10 or u/s 9. (Cant opt for both
for different place of 17. Import service Any service supplied by Any person from a non taxable territory to Any person other than non taxable online recipient (NTOR) Any person located in taxable territory
Schedule III (Transaction not c- Trader 0.5% 0.5% 1% in the State/UT Sec. 10(4):- Other Conditions:-
Sec 7(1A):- Where certain activities or transaction constitute a supply in accordance with the provisions of subsection (1), they shall be treated either as supply of goods or supply of services as referred to in Schedule II. be treated as supply) Ü Composition dealer cannot collect tax on outward supplies. businesses.) Notified Services under CGST, SGST & IGST (Sec 9(4))
d- R.P. not eligible u/s 10(1) Turnover of supplies of goods & services in the
&(2), but eligible for 10(2A) 3% 3% 6% State/UT
Ü Composition dealer will not be eligible to claim ITC. 19. Construction Value of Inputs and Input services purchase from registered supplier is less than 80% (i.e. purchase from unregistered person ) Promotor
Schedule II : Activities to be treated as supply of goods or services 1 Service by an employee to the employer in the Ü Composition dealer cannot issue tax invoice, but issue Bill of supply. Rule-62 ÜFile statement- Quarterly till 18th
20. Construction In case of Cement supplied by unregistered person (i.e. purchase from unregistered person ) Promotor
Sec. 10(5):- If PO believes that a taxable person has paid tax u/s 10(1)/(2A) despite of month following the quarter.
course of or in relation to his employment. Ü Both are Optional Scheme. In case of Capital Goods supplied by unregistered person (i.e. purchase from unregistered person )
not being eligible, such person shall- Ü File Return (GSTR-4)- Annually till 21. Construction Promotor
Service by any court / tribunal established under any Ü Special Category States= Arunachal Pradesh, Assam, J&K, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura, 30th April of the following year.
2 Ü pay tax & penalty as per applicable provisions &
law for time being in force Himachal Pradesh Uttarakhand.
Ü sec 73/74 shall be applicable.
Rule-80 Ü File Return (GSTR-9A)- Annually GTA Service
Note : It does not includes Arbitral tribunal.
Para 1 : Transfer Para 2 : Land & Para 3 : Treatment Para 4 : Transfer Para 5 : Following Para 6 : Composit Payment of GST@ 12% (6%+6%) with full ITC of GTA Payment of GST@ 5% (2.5%+2.5%) without ITC to GTA
of goods Building or process of business asset activities always supply treated as a) Functions performed by MP / MLA etc.
Any treated as supply of
service under GST
supply of service
3
b) Duties by person on constitutional post
c) Duties by person on body established by govt as a
INPUT TAX CREDIT GTA Services to Any Registered person under GST GTA services to any unregistered Person Service provided to registered person Service provided to unregistered person
treatment or director chairperson or member. Sec 2(46) Electronic Credit Ledger: means Sec 2(47) Inward Supply :
Permanent transfer Temporary Sec 2(59) Input : Sec 2(60) Input Sec 2(19) Capital Goods : Means Reverse charge is applicable & recipient who
process which a Renting of immovable a Works contract GST is payable under normal charge by GTA Service provided If services provided to notified If services provided
1) Transfer Transfer Any lease, Any lease, of Business Asset transfer of 4 Services of funeral, burial, crematorium or mortuary Means any goods used goods, the value of which is the electronic credit ledger as referred in Sec 49(2) in relation to a person, shall GTA Service provided to pays the freight is liable to GST
is applied to property including transportation of deceased. Ser vice : Means any notified person above (a to f) to any other unregistered person. person (above a to f) located intaxable Territory to other unregistered person
of title in of right in tenancy, letting of If goods as a part of business assets b Restaurant, other than capital goods capitalised in the books of account of i.e. the input tax credit as self assessed in return of mean receipt of goods or
another person b Construction service used or intended to Note : Read this chart with exemption if service
goods goods or easement, building the asset are If goods as a catering or any Sale of land & building other than para 5(b) of used or intended to be the person claiming the input tax credit registered person shall be credited to electronic credit services or both whether by Exempt Reverse charge is applicable above notified person is liable to pay GST Exempt
goods of complex, building, 5 be used by a supplier in the is provided by GTA to unregistered person. GST is payable under
2) Transfer undivided license to including permanently transferred part of business supply of service schedule II. used by supplier in course and which are used or intended to be used ledger in accordance with section 41, to be purchase acquisition or any other normal charge by GTA
civil structure course or furtherance of maintained in the manner as may be prescribed. with or without consideration.
of Title in share in occupy commercial, or disposed off with or asset are put to where food/drink of furtherance of business. business in the course or furtherance of business
Supply of of complex, building 6 Actionable claims other than lottery, betting & gambling.
Goods on goods land industrial Service without consideration any private use is supplied for Rule 43
future date without complex for intended for sale to buyer. Sec - 17(1), 17(2) & 17(3)
or are used for consideration. Sec 7(2)(b)= Notified
(Ex. Hire transfer Supply of business / Supply of Goods. any purpose
But in following case
it shall not be treated activities by Government
Sec 16 : Eligibility & Sec - 17(5) Blocked Credit Apportionment of Credit Total input tax (IT) on capital goods (CG)
Purchase) of title in Service commerce other than
goods as supply. Conditions for ITC Rule 42
business with
When entire consideration Para 7 : Cases, where ITC not available Exemptions, where ITC allowed T
Supply of Supply of or without
has been received a)Services by way of any activity in relation to a function Sec.16- Eligibility & Conditions for ITC- (a) (b) (c)
goods Supply of Service Unincorporated (A) transportation of person having seating capacity more
consideration entrusted to a Panchayat under article 243G of the 1) Eligibility criteria- a) Motor Vehicle
- after completion certificate / AOP / BOI & than 13 including driver Total IT on I + IS (A) (Tie)

}
Service Constitution, or to a Municipality under Article 243W of Ü Person= Registered, IT on CG used IT on CG used
- It’s 1st occupation their members (B) Motor vehicle used for making taxable supplies of
Note : Sale of land & building Supply of constitution (As per N/N 14/2017 CT (R)) Ü Supply= Used/Intended to be used in course/furtherence (i) further supply of such motor vehicle or exclusively for non- exclusively for Payment attributable to exempted period
whichever is earlier. supply of goods business/exempt t a x a b l e
not treated as supply as per service of his business (ii) transportation of passengers or for IT on CG not covered under (a) & (b)
c Temporary transfer of IPR by AOP/BOI to b) Services by way of grant of alcohot liquor, license , T1 T2 T3 C1 supplies supplies IT on CG not earlier
schedule III other than construction 2) Conditions for availment of ITC:- (Overriding sec 16)
(iii) imparting training on driving, such motor vehicle transportation i.e. common CG covered under Payment to be added in output tax
Note : If any person ceases to be a d Development, design, their members against consideration in form of license fee or application including zero
intended for sale [of para 5(b)] i) For making the following taxable supplies namely of goods ÜIT on CG purchase during a month (b).but subsequently liability.
taxable person then goods forming for fee or by whatever name called by state government in a) He is in possession of a Tax Invoice/ debit note Not to be credited rated supply
programming, customisation a) Further supply of such vessels or aircraft or IT on I+IS used IT on I=IS used Blocked credit u/s Remaining ITC credited to ECrL ÜIT on CG earlier covered under(a) in clause (c) where CG earlier covered in (a), but
consideration aa) Vessel and Aircraft (ZRS)
Sec 8 : Composite Supply part of business asset shall be deemed of information Tech. Software which they are engged as public authorities
(N/N 20/2019 CT (R))
b) He has received the Goods/Services/Both
(Rule-36)
b) Transportation of passengers or exclusively for non- exclusively for 17(5) G = T-(T1 + T2 +T3)
to Electronic
Credit Ledger
but subsequently get covered in (c)
Note :- Such ITC already
subsequently Tr to (c) payment =
to be supplied unless :- e Agreeing to the obligation to c) Imparting training on navigating such vessels or business purposes exempt supplies (Taxable+Common ITC) Note :- life CG extend upto 5 years 5% per Quarter (Calender) or part
Supply of goods (ECrL) Credited to ECrL taken, hence not to be Tr
& Mixed Supply (i) Business is transferred as going refrain from an act or to
shall be treated neither as a supply of goods nor a supply
(For Bill to Ship to- it shall be deemed to be received d) Imparting training on flying such aircraft to E-crdit ledger
thereof
concern to another person. tolerate an act. ÜGoods- When goods are delivered by supplier ab) Services of general insurance, servicing, repair i) Where the motor vehicles, vessels or aircraft referred to in clause (a) or clause ZRS = Zero Rated Supply
The tax liability on a composite or a mixed supply shall be determined in the of service. & maintenance in so far as they relate to motor (aa) are used for the purpose specified therein ; IT shall be credited Tc
following manner, namely: (ii) Business is carried on by personal f T. ransfer of right to use any ÜServices- When services are provided T4 C2
vehicle, vessel or aircraft referred to in clause (a) or to E-credit ledger
representative who is taxable person. goods for any purpose for c) Tax charged on such supply= has been actually paid to (aa). ii) Where received by a taxable person engaged -
(a) a composite supply comprising two or more supplies, one of which is a
cash, deferred payment or Govt. by the supplier I) In the manufacture of such motor vehicles, vessels, or aircraft or Common credit on CG
principal supply, shall be treated as a supply of such principal supply; and Credit attributable to I+IS used exclusively Common credit C2= C1 – T4 Common credit of CG for a
II) In the supply of general insurance services in respect of such motor Tm TC = A
(b) a mixed supply comprising two or more supplies shall be treated as a supply other consideration. d) He has furnished return u/s 39 vehicles, vessels or aircraft insured by him.
in taxable supplies including ZRS tax period during their useful
of that particular supply which attracts the highest rate of tax. Proviso If, goods received in lots - then, ITC is on life
Food and beverages, Outdoor catering, Beauty Where a particular category of such inward supplies is used for making an
Important Definition ‘Receipt of last lot/installment. Treatment, Health Services, Cosmetic & Plastic outward taxable supply of the same category - [Sub-contracting] or as an
Tm = Tc/60
Definition - Composite Supply Sec 2(84) “Person” - includes Proviso Payment to Supply within 180 days -Recipient Surgery, life insurance & health insurance, element of a taxable composite or mixed supply. D1 D2 C3
SEC 2 (56) “INDIA" Means
shall pay within 180 days from date of invoice Leasing, renting or hiring of motor vehicles,
Composite Supply as per Sec 2 (30) : means a supply made by a taxable a) Territory of India as referred to in (a) An Individual (h) any body corporate incorporated by or Credit attributable to exempt supplies D1 = —E xC Credit attributable to non-business Remaining Te
by Supplier (Value+Tax) vessels or aircraft referred in clause (a) or (aa) 2
person to a recipient consisting of article 1 of Constitution (The under the laws of a country outside India E= Value of ES during tax period F purpose if common I + IS used partly for Common credit Common credit towards exempted supplies
(b) A hindu undivided family But if not paid within 180 days then, except when used for purposes specified therein, E
Ü two or more taxable supplies of goods or services or both or any territory of the Union of India F = Total turnover during tax period if no turnover business + non-business purposes = C2 - (D1 + D2) Te = — x Tm
Amt. = ITC added in outward Tax Membership of Club, health and fitness center — during the tax period/values not available, values D2 = 5% x C2 F Reversal / Payment
combination thereof viz., state and the union (c) A Company (i) A co-operative society registered under E – Aggregate value of exempt supplies during the tax period;
(+) Interest @ 18% P.A . for last period may be used. 1)C.G purchase in this month - 60 Month
Ü which are naturally bundled and territories.) any law relating to co-operative societies
(d) A Firm Travel benefits extended to employees on where it is obligatory for an employer to provide the same to its employees under any F — Total turnover during the tax period. 2) CG switched from a/b to c - remaining
Ü supplied in conjunction with each other in ordinary course of business Regain when payment is made. vacation such as leave or home travel concession law for the time being in force. Eligible ITC attributable to business & useful life
b) Its (j) A local authority Ineligible credits If no turnover during the tax period/values not available, values
one of which is a principal supply (e) A limited Liability Partnership 3) When dep. is claimed on tax component- ITC on said taxable supplies including ZRS
Ü Territorial Water, Works contract service for construction of (A) Works Contract services for Plant & Machinery (A) Construction includes re-construction/ for last tax period may be used.
tax component=not allowed (B) Where Works contract service for immovable renovation/ addition/ alterations/ repairs to
Illustration.— (Goods + Service) Where goods are packed and transported with insurance, the supply of goods, packing (f) An association of persons or a (k) Central Government or a State Government immovable property the extent of capitalisation to said
Ü seabed and 4) Time limit of availing ITC- (i.r.o. any invoice/ debit note To be added to output tax liability
materials, transport and insurance is a composite supply and supply of goods is a principal supply;
Ü sub-soil underlying such
body of individuals, whether incorporated
or not, in India or outside India (l) Society as defined under the Societies for supply, )=Earlier of following-
property is input service for further supply of
works contract services [Sub-contracting] (B)
immovable property.
Plant & Machinery means apparatus,
Sec - 18 : ITC in case of Switching Credit
Definition - Mixed Supply Registration Act, 1860 Ü D/D of furnishing of return u/s 39 for september, of equipment & machinery fixed to earth by
waters,
(g) Any corporation established by or
Inward supplies received by taxable person for (A) Construction of Plant & Machinery foundation or structural supports but (A) ITC of Stock of input/Capital goods, in case of transition or switch in : (B) Reversal of Credit
Mixed Supply as per Sec 2 (74) : means succeeding FY, (or) construction of immovable property on his own (B) Construction of immovable property excludes land building/ other civil structures,
Ü continental shelf, under any Central Act, State Act or (m) Trust tele-communication towers and pipelines Sr.No. Situation Credit availement Sr.No. Situation Reversal of Credit
Ü Two or more individual supplies of goods or services or any Ü Date of furnishing annual return account including when such supplies are used for others
Provincial Act or a Govt. company as laid outside the factory premises.
Composition Registered person has to reverse ITC of –

“
Ü exclusive economic zone or in the course or furtherance of business 1. Unregistered Registered ITC on input lying in — stock

“
combination thereof defined in clause (45) of section 2 of the (n)Every artificial juridical person, not falling within (This limit- not applicable for availing credit, that had 1. Normal
Ü Made in conjunction with each other by a taxable person for a Companies Act, 2013 any of the above been reversed earlier.) Inward supplies received by NRTP Goods imported by him (Applied within 30 days) — Semi-finished goods Available Levy Levy ITC on Inputs :
Ü any other maritime zone as
single price Note : NO ITC of C.G. — Finished goods – lying in stock
defined in the Territorial Goods or services or both on which tax Taxable Exempt

“
Ü Where such supply does not constitute a composite supply Waters, Continental Shelf, Rule 36- Doc. Requirements:- — 2. – Contain in semi finished / finished goods lying in stock
has been paid under Sec 10 2. Composition Scheme Normal Scheme ITC on input lying in — stock

Exclusive Economic Zone
Illustration.— A supply of a package consisting of canned foods, sweets,
and Other Maritime Zones
chocolates, cakes, dry fruits, aerated drinks and fruit juices when supplied Act, 1976
“
1) ITC availed on the basis of following docs.- Supply Supply – ITC of C.G. for the remaining useful life.
2(108) : means a supply of goods or services or both which is leviable to tax under Invoice by supplier/ Invoice by recipient (RCM)/ Debit note/ Bill of Goods or services or both used for “Available” — Semi-finished goods
Taxable Supply — Note : Invoice available – Reversal should be done on the basis of such invoice
this Act entry/ Revised Invoice/ Docs. by ISD. personal consumption — Finished goods
2) ITC availed, if all the specified particulars are mentioned in invoice & Invoice not available – Reversal, on the basis of market value.

“
for a single price is a mixed supply. Each of these items can be supplied means a supply of goods or services or both which is not leviable to tax such info. is furnished in FORM GSTR-2. Goods lost, stolen, destroyed, written off or 3. Exempt Supply Taxable Supply ITC on Capital Goods Input tax on C.G. - 5% per quarter/Part
c) The air space above its 2(78) : —
separately and is not dependent on any other. It shall not be a mixed supply if under this Act (i.e. CGST Act) or under the Integrated Goods and Services 3) No ITC- if tax has been paid & demand is confirmed because of disposed of by way of gift or free samples “Available” there of from date of Invoice
Non-Taxable Supply
T1

territory and territorial waters Tax Act fraud etc.

these items are supplied separately
GS

4) ITC to be availed, i.r.o. invoices/debit notes [not uploaded u/s 37(1)] any tax paid in accordance with the provisions Note : 1) Stock to be taken immediately preceding the date of switching GS CA
T1TER of sections 74, 129 and 130.
T1
2) ITC of input / C.G. is available only if, it purchase in last 1 yr.
-IN
S =Upto 10% of eligible ITC i.r.o. invoices/debit notes [uploaded u/s 37(1)] TE
G N -I R
CA