AAR: Depositing timber with Govt. Department Timber Depots liable to GST under reverse charge

Oct 22,2019

Karnataka AAR holds that the transaction of depositing timber with Govt. Timber depot for disposal would amount to ‘supply’ thus liable to GST and value of supply shall be the open market value or the value as may be determined under Rule 30 or Rule 31 in that order; Finds no provision in the GST Act for shifting of the tax liability and considering that as a deemed discharge of liability; Explains that there are two independent supplies of timber involved in the chain of...

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