Request a demo

gst place of supply

//gst place of supply

How to Determine the Place of Supply of Telecommunication and Financial Services

Last updated on July 17th, 2017 at 10:01 am Under GST, specific rules have been laid down for determining the place of supply of telecommunication services and financial services. Knowing how to determine the place of supply is very important to ensure that the correct tax is charged on a supply.  Let us understand how to determine the place of supply of telecommunication services and financial services. Place of supply of telecommunication services Telecommunication services include the services of telephone, internet, data transfer, broadcasting, cable, DTH (Direct to home) services, etc. For determining place of supply, telecommunication services are divided into 3 categories: Services provided using a fixed telecommunication line, leased circuit, internet leased circuit, cable or dish antenna Postpaid mobile […]

By |2019-03-26T05:12:27+00:00July 15th, 2017|goods and services tax, GST, gst for banking, gst for telecom, gst on insurance, gst place of supply, place of supply, place of supply of services, place of supply under GST, Tax|Comments Off on How to Determine the Place of Supply of Telecommunication and Financial Services

Tax Impact on Goods Sold Prior to GST, but Returned after GST

In a business, return of goods sold is common. Under current regime, the return of goods are allowed to be reduced from the total turnover of sales, provided that the goods are returned within specified time limit.  The eligibility to avail reduction from tax varies from state to state, but it is generally 6 months from the date of sale. GST, a major reform in indirect taxation is expected to be implemented by 1st July, 2017. ‘Supply’ being the taxable event, it is very important for businesses to understand the tax implications on the goods sold prior to GST, but returned on or after the implementation of GST. Also Read Moving to GST: For Registered Businesses Moving to GST: Can […]

By |2021-06-03T14:35:57+00:00March 22nd, 2017|goods and services tax, goods return, GST, gst place of supply, return of goods|Comments Off on Tax Impact on Goods Sold Prior to GST, but Returned after GST

How to Determine the Place of Supply of Services

In the current tax regime, the provision of a taxable service is subject to service tax.  Service tax is levied by the Central government and is applicable irrespective of whether the provision of service is interstate or intrastate. However, under GST, the place of supply of service will determine the type of tax applicable on the service. This is based on the concept of GST being a ‘destination based consumption tax’, where tax will accrue to the State where the supply is consumed. Hence, it is important to determine the place of supply of services. The rules for determining the place of supply of services are different from the rules for determining the place of supply of goods. In case […]

By |2021-06-01T09:45:15+00:00March 16th, 2017|goods and services tax, GST, gst place of supply, gst supply, gst supply conditions, supply of service, Uncategorized|Comments Off on How to Determine the Place of Supply of Services

How to Determine the Place of Supply in Case of Bill to-Ship to Transactions

In the Bill to – Ship to model, the billing and shipping of goods are done to two states and entities. In order to avoid the cascading of multiple taxes through the course of the transaction, the first sale will be taxable, and any subsequent sale during the movement of goods is exempt from tax. Today, Bill to – Ship to transactions are a common occurrence. Let us understand ‘Bill to – Ship to’ transactions with an example. Ganesh Traders, a dealer in hardware goods, located in Maharashtra receives an order from Maruthi Traders, located in Karnataka. The order is for the supply of 100 aluminium ladders, with an instruction to ship the ladders to Prime Hardwares, located in Tamil Nadu. […]

By |2021-08-06T12:51:08+00:00March 13th, 2017|bill to ship to, goods and services tax, GST, gst calculation, gst place of supply, gst supply, gst supply conditions, supply of goods, supply of service|Comments Off on How to Determine the Place of Supply in Case of Bill to-Ship to Transactions

How to Determine the Place of Supply When there is No Movement of Goods

  1. When supply does not involve movement of goods, the location of the goods at the time of delivery to the recipient is the place of supply. For example: Rex Cars, whose registered place of business is Chennai, Tamil Nadu, opens a showroom in Mysore, Karnataka. They purchase a pre-installed generator at the premises from Rohan Generators in Mysore, Karnataka. Location of supplier: Mysore, Karnataka Place of supply: The supply of the generator does not require its movement. Hence, the place of supply is Mysore, Karnataka. This is an intrastate supply, and the taxes applicable are CGST and SGST. When supply does not involve movement of goods, the location of the goods at the time of delivery to the […]

By |2021-06-01T09:48:04+00:00March 10th, 2017|goods and services tax, GST, gst place of supply, gst supply, gst supply conditions, supply of goods, supply of service|Comments Off on How to Determine the Place of Supply When there is No Movement of Goods

What is Place of Supply in GST

Under GST, the existing system of levy of tax on manufacture, provision of taxable services, and sale of goods will be replaced by the concept of ‘SUPPLY’. The taxable event under GST is the ‘Supply’ of Goods or Services. It is very important, therefore, to understand the place of supply in determining the right charge of tax on supply. The model GST Law lays down the criteria to determine the place of supply. Based on these criteria, you can treat the supply of goods or services as either Intra-State (within the State) or Inter-State (Outside the State). There are two important components which determine the tax to be charged on a supply: • Location of the Supplier – It is […]

By |2021-06-01T10:09:53+00:00February 28th, 2017|goods and services tax, GST, gst place of supply, gst supply, supply of goods|Comments Off on What is Place of Supply in GST

PowerPacks FAQ

A PowerPack is a powerful widget built on top of the Tally platform. It adds value to your business by simplifying key, daily activities that may currently be done manually. A good example is Digital Signature – replace the need for physically signing (or even printing out!) By automatically inserting a digital signature on your entire Tally generated invoices. Saves you a ton of time, saves printing costs and also saves the environment since you print less!
Good Question! Our team is continually improving these PowerPacks. By adopting a subscription model, it allows our team to invest time to continually improve them. In addition, when the Tally platform is upgraded, your PowerPack will always work. Current offerings in the market sell you a ‘perpetual’ file and then charge you exorbitant upgrade fees when a new version comes out. We eliminate all of that and charge you a low fee. Think of it as sacrificing a couple of cups of coffees per year! Surely you can sacrifice 2 cups of coffee for improved productivity at work, right?
No problem! We understand that our customers’ needs evolve over time, and you may not need a certain PowerPack after a certain period of time. If you cancel within 7 days of purchasing the PowerPack, we will refund your money within 3 business days – no questions asked! If you’ve purchased an annual license, you can simply cancel your subscription and your license copy will lapse after your subscription period ends. No surprise charges. EVER!
Come on! You must be joking. Ok, you’re not. Well, the answer, surprisingly, is YES! If you purchase a PowerPack for the whole year, you can get it for only INR 999/year! That is a 15% discount or almost 2 months free 🙂 Happy now?

We’ve designed our PowerPacks to be self-serve and easy to install and use. We also provide you with a user manual and feature list with screenshots to get you started. But if you still have questions, drop us an email at [email protected] and we’ll help you out! If you need more hands-on support, just give us a call or drop an email.

Absolutely! We will continue to build the PowerPacks that serve our customers at an affordable price. We notify our customers when a new PowerPack is available. Meanwhile, if you need something very unique to your business, we have a top-notch development team that is eager to solve complex problems for businesses like yours. Fill out this form, we’ll get in touch with you!
Good question again! Other vendors may offer you a PowerPack (add-on/module) for a flat one-time fee. But what they don’t tell you is that anytime there is a release upgrade or newer version of Tally, the PowerPack will stop working. To get it to work again, you will need to pay the vendor more money. This cycle is never-ending! In addition, other vendors may not update their PowerPacks with additional features. If they do, they may charge you extra for the same. With Mark IT, your PowerPack will always work even if there is a release update. The subscription model also allows us to continually enhance our PowerPacks and pass on the benefits to our customers at no extra cost. Plus, you save a ton of money upfront which you can use for other business improvements!
You can choose between a number of payment types – NEFT, credit or debit card, UPI, EMI or any wallet (like PayTM, PhonePe etc.) Providing flexibility to our customers is important to us, so we ensure to continually add the latest payment methods.
We’re glad you want to! Simply add multiple PowerPacks to your cart and buy! In addition, if you wish to purchase additional PowerPacks for additional serial numbers, simply change the quantity to the appropriate number of serial numbers and you are set. Feel free to add any comments in the Notes section if there is something you need to tell us regarding your order. Trust us, we read every customer’s emails!
A PowerPack is compiled and attached to a single serial number. If you’d like to set up the PowerPack for multiple serial numbers, simply purchase additional PowerPacks for each of your serial numbers. Simple!

Subscribe To Our Newsletter To Get Latest Updates & News

Download Tally
Request a call back
Employee Login

Request A Demo

Request A Demo

Request A Call Back


AMC Basic

Tally AMC Plus

Tally AMC Premium

Apply Now

Request A Demo