Proposed GST 20… Thinking ahead – Implementation Issues Dept of Central Excise and IMC Joint Workshop 23 February 2015 Presenter: Bhavna Doshi Today’s Agenda Place of Supply of Goods & Services – Implication Issues © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 2 Place of Supply Act to be enacted by Parliament – Article 269A of the Constitution Amendment Bill, 2014 Inter-state trade and import – GST - Exclusive domain of Centre – Article 246A(2) Revenue Sharing with States – GST Council Current – Origin(Inter-state)/destination ( intra-state) based New – Destination / consumption based © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 3 Place of Supply - Significance Which tax to pay – CGST + SGST or IGST? Where to pay? Where to take ITC? How much? Which Tax? © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 4 Determination of Place of Supply - Complexities Several permutations and combinations: One supplier location and one customer location – both in same State or different States One supplier location and several customer locations – within and outside State Several supplier locations and one customer location, and, other combinations based on location of consumption Import and Export © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 5 Terms – “Supply”, “Goods”, “Services” Meaning of “Supply” – Not defined in Bill What are goods and what are services and what are neither “service” defined in the Bill Separate rules for goods and services ? Fundamental Principle : Where it is consumed ? © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 6 Place of Supply - Goods Same as Sections 3, 4 & 5 of Central Sales Tax Act, 1956? Section 3 – Inter-state: Sale occasions movement from one state to another Transfer of documents of title – during movement Goods passing through territory of other States but origin & destination in same State © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 7 Place of Supply - Goods Section 4 – Intra-state: Essentially, where origin and delivery is within the State Specific goods – contract for sale –location within the State Unascertained / Future Goods – location at the time of appropriation to the contract Single contract – goods at different locations © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 8 Place of Supply - Goods Section 5 – Import /Export: Occasions Export /transfer of documents after crossing customs frontier Occasions Import / transfer of documents before crossing customs frontier Penultimate sale – export ? Article 269A – Import – equivalent to Inter-State © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 9 Place of Supply – Goods Stock Transfers Sale or Return –Approval basis Job work Works contract Goods sourced from one country and delivered/supplied to another country – both outside India or foreign co sourcing and delivering goods in India © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 10 Place of Supply of Services Current Service Tax Place of Supply of Services as a base – General/Specific Rules ? Location of Immovable property Place of Performance Location of Service Provider Location of Service Recipient General Principle – destination – effective use and enjoyment OECD Draft Paper – February, 2013 © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 11 Place of Supply of Services Rule 3 – General Recipient Rule 4 – Performance Make available goods Rule 5 - Immovable Property Rule 6 - Events Rule 7 – More than one location - maximum proportion Rule 8 – Both in taxable category Rule 9 – Specified services – Provider: 1. Banking / Finance 2. Online Info / Database 3. Intermediary 4. Hiring of transport – Upto one month Rule 10 – Goods transportation Destination Rule 11Passenger Transportation Embarkation Rule 12 – On board a conveyance – First point of departure Order of application: More than one - later © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 12 Place of Supply of Services – Issues ? How to determine inter-state ? Location of recipient vs place of consumption Telecommunication Banking & Financial Services Works contract Sporting/recreational event Repairs / Jobwork © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 13 GST – Is it coming soon ? Where are we today ? 1 Constitutional Amendment – Bill introduced 2 Empowered Committee – working on several aspects 3 Compensation – Loss of revenue 4 Model - firmed up – C-GST, S-GST and I-GST 5 CST akin tax – phase out / no phase out ? © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 15 Impact Areas for Businesses Pricing, Costing, Margins Supply-chain management Change in IT Systems Treatment of tax incentives – package scheme of incentives Treatment of excluded sectors Transition issues Compliance © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 16 Professionals Perform Impact Analysis Track GST develop ment Assist industry in issue identification/ advocacy Pre and post Implementat ion assistance Review draft legislations – identify likely issues – suggest solutions © 2015 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 17 Ahmedabad Safal Profitaire, B4 3rd Floor, Corporate Road, Opp. Auda Garden, Prahlad Nagar, Ahmedabad 380 015 Tel +91 79 4040 2200 Fax +91 79 4040 2244 Thank You © 2015, KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. The KPMG name, logo and "cutting through complexity" are registered trademarks or trademarks of KPMG International Cooperative ("KPMG International"). Hyderabad 8-2-618/2 Reliance Humsafar, 4th Floor Road No. 11, Banjara Hills Hyderabad 500 034 Tel +91 40 6630 5000 Fax +91 40 6630 5299 Bangalore Maruthi Info-Tech Centre 11-12/1, Inner Ring Road Kormangala, Bangalore 560071 Tel +91 80 3980 6000 Fax +91 80 3980 6999 Kochi 4/F, Palal Towers M.G.Road, Ravipuram, Kochi 682 016 Tel +91 484 302 7000 Fax +91 484 302 7001 Chandigarh SCO 22-23 (1st Floor), Sector 8 C, Madhya Marg Chandigarh 160019 Tel: 0172 393 5777/781 Fax: 0172 393 5780 Kolkata Infinity Benchmark, Plot No.G-1, 10th floor, Block - EP & GP, Sector - V, Salt Lake City Kolkata 700091 Tel: +91 33 44034066 Fax: +91 33 4403 4199 Chennai No.10 Mahatma Gandhi Road, Nungambakam, Chennai 600 034 Tel +91 40 3914 5000 Fax +91 40 3914 5999 Mumbai Lodha Excellus Apollo Mills Compound NM Joshi Marg, Mahalaxmi Mumbai 400 013 Tel: +91 22 3989 6000 Fax: +91 22 3983 6000 New Delhi Building No.10, 8th Floor, DLF Cyber City, Phase – II Gurgaon 122002 Haryana Tel +91 124 3074000 Fax +91 124 2549101 Pune 703, Godrej Castlemaine, Bund Garden, Pune 411 001 Tel +91 20 3058 5764/65 Fax +91 20 305 85775