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
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.
