Impact on Registrations
- Separate registrations in each state
- E Commerce transaction – special provisions
Impact on Cash Flow
- Advances are 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
- Inter state and Intra state supplies
- Supply Valuation – a major challenge especially in case of associated enterprises / Branches
- FOC impacts to be factored in supply
- No specific Exemption expected
Impact on Supply Chain Management
- Services amongst Branch taxable
- ISD to play a major role
- Debit / Credit notes may pose challenge
- Salary of supervisors / senior management handling supply across different states may pose a problem
Impact on Place of Supply
- Place of Supply shall usually be the location of recipient in case of B2B.
- Location of supply in case of sub contractors shall also influence many business decisions
