TaxTMI 
TaxTMI 
Issues in respect of maintenance of books of accounts relating to additional place of business by a principal or an auctioneer for the purpose of auction of tea, coffee, rubber etc.
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.....12.2017 Subject: Issues in respect of maintenance of books of accounts relating to additional place of business by a principal or an auctioneer for the purpose of auction of tea, coffee, rubber etc. Various communications have been received regarding the difficulties being faced by a principal and an auctioneer in relation to maintaining books of accounts at each and every additional place of b....
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....heir principal place of business itself. 3. The issue has been examined. In exercise of the powers conferred under section 168(1) of the WBGST Act, for the purpose of uniformity in the implementation of the Act, it is hereby clarified that - (a) The principal and the auctioneer of tea, coffee, rubber, etc., are required to declare warehouses where such goods are stored as their additional place ....
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....of accounts relating to additional place(s) of business at their principal place of business. (d) Further, the principal or the auctioneer shall be eligible to avail input tax credit (ITC) subject to the fulfilment of other provisions of the Act and the rules made thereunder. 4. It is further clarified that this Circular is applicable to the supply of tea, coffee, rubber, etc., where the auction....