Catering Services

November 5, 2016   admin  GST Wise Implications
Catering Services
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  • Impact on Output Pricing

  • FOC impacts to be factored in supply
  • Inputs mostly (fruits/ vegetables/ basic food) may be exempt while output taxable. No more abatements
  • Exemption forseen for factory canteens, schools, UN, SEZ only.

  • Impact on Supply Chain Management

  • Inter branch supply of goods / services made taxable
  • No more loss of CST in inter state transfers
  • No more statutory forms

  • Impact On Place of Supply

  • Place of Supply shall usually be the location of performance. Any back to back sub contracts shall have bearing on overall credit availability.

  • Impact on Registrations

  • Separate registrations in each state
  • No more composition choice state wise
  • Monthly compliance of payment and return in each state.

  • Impact on Cash Flow

  • Advances made taxable
  • Vendor / Customer discounts to be examined for tax impacts
  • More caution in case of provisioning by customers

  • Input Tax Credit

  • Credit availability subjected to online filing by supplier
  • Credit of State GST restricted in certain cases
  • Credit of your output GST of Catering not available to purchaser when purchased for employees

 

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2 thoughts on “Catering Services”

  1. JSSK KE UNDER BHOJAN DIYA JATA HAI GOVT. HOSPITAL ME PERGANT LADIES KO FREE OF COST ,US BHOJAN KA PAYMENT GOVT. DWARA BANIFFISIERY KO KIYA JATA HAI , US BHOJAN PAR KITNA GST LAGEGA.

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