Clarifications of certain issues under GST

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....manufacturer is leviable to tax and whether OEMs are required to reverse input tax credit in this case? Clarification 1.1 Moulds and dies owned by the original equipment manufacturer (OEM) which are provided to a component manufacturer (the two not being related persons or distinct persons) on FOC basis does not constitute a supply as there is no consideration involved. Further, since the moulds and dies are provided on FOC basis by the OEM to the component manufacturer in the course or furtherance of his business, there is no requirement for reversal of input tax credit UED 618 COMMISSIONER OF COMMERCIAL) GOVT. OF GOA, PANAJI-GOA TAXES 2 availed on such moulds and dies by the OEM. 1.2 It is further clarified that whi....

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....ices and the value of such goods and services supplied are shown separately, the goods and services would be 3 In case of auction of tea, coffee, rubber etc., whether the books of accounts are required to be maintained at every place of business by the principal and the auctioneer, and whether they are eligible to avail input tax credit? liable to tax at the rates as applicable to such goods and services separately. 3.1 The requirement of maintaining the books of accounts at the principal place of business and additional place(s) of business is clarified as below: (a) For the purpose of auction of tea, coffee, rubber, etc., the principal and the auctioneer may declare the warehouses, where such goods are stored, as the....

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....e purpose of auction of tea, coffee, rubber etc., or the principal and the auctioneer for the purpose of supply of tea through a private treaty, shall intimate their jurisdictional officer in writing about the maintenance of books of accounts relating to the additional place(s) of business at their principal place of business. 3.2 It is further clarified that the principal and the auctioneer for the purpose of auction of tea, coffee, rubber etc., or the principal and the auctioneer for the purpose of supply of tea through a private treaty, shall be eligible to avail input tax credit subject to the fulfilment of other provisions of the Goa GST Act read with the rules made thereunder. As per proviso to rule 138(2A) of the G....