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Issue ID : 117612
- 0 -

Supply of asset at retail outlets

Date 03 Nov 2021
Replies4 Answers
Views 2069 Views
Asked By

hi, My organisation is in beverage sector. we give fridge to shops/retail outlets to ensure supply of chilled beverages to consumers. we also pay rent to retail outlets for the space occupied.

My question is , what is the document with which i need to send the asset to shops/retail outlets.? does this considered as supply?

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- 0
Replied on Nov 3, 2021
1.

SH.JOHN SHANNEL JI,

In this scenario, since the ownership of fridge etc. remains with your organization, so it is not supply. It is not a permanent transfer. Hence such temporary transfer is not covered under Schedule-1. You can send such assets under 'delivery challan'. under Rule 138 A(5)(b) of CGST Rules.

- 0
Replied on Nov 4, 2021
2.

Yes..agree with kasturi sir. Also this is not in the nature of gift and thereby credit should also be eligible...

- 0
Replied on Nov 11, 2021
3.

Thanks for the reply, would also like to check is there any timelimit for taking back the asset from the outlet. eg; can he use the asset for 5 years?

- 0
Replied on Nov 20, 2021
4.

Since this transaction is not job work, there is no time limit to get back the goods.

Old Query - New Comments are closed.

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