However since most customers are B2B registered in Delhi they should be

However since most customers are b2b registered in

This preview shows page 44 - 49 out of 62 pages.

However, since most customers are B2B registered in Delhi, they should be entitled to tax credit, hence no additional cost to customer 44
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Nature of Transaction Current Regime GST Applicability Comment Impact Other charges (recipient based) Cargo screening and cargo concession fee Marketing fund charge Management fee Service [email protected]% [email protected]% or [email protected]% & [email protected]% Possible increase in rate Scrap sale [email protected]% or 12-15% [email protected]% / 18% Possible increase in rate POS terminal charges Service [email protected]% CGST @ 9% and SGST @ 9% Likely increase in rate Issue Tax invoice as per data available at the close of month Amount reconciled based on CA certificate to be adjusted by way of debit / credit note. Debit / Credit note to mention that amount is adjusted based on reconciliation provided by CA certificate to avoid time of supply issues It should be possible to issue a single debit / credit note against multiple invoices. However, clarity is 45
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awaited Nature of Transaction Current Regime GST Applicability Comment Impact Electricity and water charges received from shops let out Service [email protected]% CGST @ 9% and SGST @ 9% Likely increase in rate Tax invoice to be issued for the prepaid charges at the time of receiving payment Not to be treated as advance payment Tax credit available to the customer Interest, late fee or penalty for delayed payment Service tax not applicable CGST @ 9% and SGST @ 9% Increase in output taxes Supplementary invoice / Debit Note to be issued for the interest received on delayed payments Time of supply shall be the date of receipt of such payment Other fines and penalties Service tax not applicable CGST @ 9% and SGST @ 9% Increase in output taxes 46
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Input (DIAL) Nature of Transaction Current Regime GST Applicability Comment Impact Services (Insurance and security, consultancy, repairs and maintenance services, administrative expenses) Service tax – 15% - 14.5% creditable - 0.5% non- creditable GST – 18% Creditable Abatements / concessional rate may be prescribed for transportation services as fuel not subsumed under GST Decrease in tax costs on account of SBC being subsumed Higher cash outflow on account of increase in tax rate from 15% to 18% Works contracts (construction / expansion / renovation / repair and maintenance of airport) to the extent capitalised With abatement Service tax – 10.5% 0.35% non-creditable VAT (Delhi) – 10% CST – 9.5% VAT– Non creditable To the extent capitalise GST – 18% Non creditable Other than capitalised GST – Creditable Increase in tax costs Possible decrease in working capital requirement Capitals goods / spares (indigenous) Excise Duty – 12.5% (if procured from manufacturers) VAT / CST – 5%- 5.5% / 12.5%-14.5% GST- 5%, 12% and 18% Creditable Reduction in tax cost - VAT / CST no longer a cost (since GST credit available) Capitals goods / spares(imported) BCD- 7.5% / 10% CVD- 12.5% EC SHEC- 3% BCD- 7.5% / 10% IGST- 18% IGST creditable Reduction in tax cost because EC / SHEC and Add. Duty no longer a cost (since GST credit available) 47
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Add. Duty - 4% Data Analysis
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  • Fall '17
  • Mahvish ali

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