EPC Services

  • Impact on Output Pricing

  • GST on services in place of Service Tax and VAT
  • FOC impacts to be factored in supply
  • No more abatements forseen, rate at general level.
  • Exemption forseen for dams, canals, 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
  • Movement of goods for repair under annual contracts may pose problem

  • Impact On Place of Supply

  • Place of Supply shall usually be the location of recipient.

  • Impact on Registrations

  • Separate registrations in each state
  • No more composition choice state wise
  • TDS deduction by customer may impact decision of registration

  • Impact on Cash Flow

  • Advances for goods also made taxable
  • Vendor / Customer discounts to be examined for tax impacts
  • Impact on tax 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

 

By | 2017-04-06T10:48:50+00:00 November 5th, 2016|GST Wise Implications|

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