Surya is engaged in providing a bouquet of goods and services. It is registered in Jaipur, Rajasthan. It provides the following information for the…

Computation of minimum net GST payable in cash for the month of January by Surya Particulars Amount (₹) CGST (₹) SGST (₹) IGST (₹) GST payable under forward charge Business exhibition organized for Jignesh Industries 20,00,000 - - 3,60,000 [20,00,000 x 18%] [Taxable since services by an organiser to any person in respect of a business exhibition are exempt only when such exhibition is held outside India. Further, it is an inter-State supply since place of supply of organisation of a cultural, artistic, sporting, scientific, educational or entertainment event including supply of services in relation to an exhibition is location of recipient, i.e. Gujarat.] Provided accommodation services to CA students in hostel 2,20,000 19,800 [2,20,000 x 9%] 19,800 [2,20,000 x 9%] [Supply of accommodation services having value of supply exceeding - 20,000 per person per month are exempt provided that the accommodation service is supplied for a minimum continuous period of 90 days. Since in the given case, hostel accommodation charges per student per month exceed - 20,000, said services are taxable. Further, it is an intra-State supply since the place of supply of services in relation to immovable property is the location of immovable property, i.e. Rajasthan.] Carnatic music performance 1,45,000 13,050 [1,45,000 x 9%] 13,050 [1,45,000 x 9%] - [Classical musical performance by the artist -Surya is not exempt even though consideration charged for such performance does not exceed - 1,50,000 since he has performed as a brand ambassador. Further, it is an intra-State supply since the place of supply is location of recipient, i.e. Rajasthan.] Business correspondent services provided 1,20,000 10,800 [1,20,000 x 9%] 10,800 [1,20,000 x 9%] - [Taxable since services provided in the capacity of a business correspondent to a banking company are exempt only when said services are provided with respect to accounts in its rural area branch.] Renting of commercial property to Ganga Ltd. 3,00,000 27,000 [3,00,000 x 9%] 27,000 [3,00,000 x 9%] [Taxable since renting of only residential dwelling for use as residence is exempt. Further, since services are being provided by director of the company in his personal capacity and supplier of services of renting of commercial property is a registered person, tax is payable under forward charge. Moreover, it is an intra-State supply since the place of supply of services in relation to immovable property is the location of immovable property, i.e. Rajasthan.] Total output tax liability (A) 70,650 70,650 3,60,000 Less: ITC available Business Summit sponsored 5,00,000 45,000 [5,00,000 x 9%] 45,000 [5,00,000 x 9%] [Since recipient of sponsorship services is an individual (Surya), tax is not payable under reverse charge. It is an intra-State supply since place of supply of sponsorship services is location of recipient, i.e. Rajasthan. Further, ITC is available on said service since it is used in course or furtherance of business.] Services of transportation of goods received from unregistered GTA 2,00,000 5,000 [2,00,000 x 2.5%] 5,000 [2,00,000 x 2.5%] [It is intra-State supply since the place of supply of services by way of transportation of goods provided to a registered recipient is location of such recipient, i.e., Rajasthan. Moreover, ITC is available on said service since it is used in course or furtherance of business.] Taken cars on rental basis from Ajay Limited. 1,50,000 3,750 [1,50,000 x 2.5%] 3,750 [1,50,000 x 2.5%] - [Tax is not payable under reverse charge since the recipient, Surya is not a body corporate and supplier Ajay Limited is a body corporate. It is an intra-State supply since place of supply of car rental services is location of recipient, i.e. Rajasthan. Further, ITC is available on said service since it is used in course or furtherance of business.] Total ITC available (B) 53,750 53,750 Nil Net GST (A)-(B) 16,900 16,900 3,60,000 [ITC of CGST and SGST has been utilized for payment of CGST and SGST liability respectively.] GST payable under reverse charge Services of transportation of goods received from unregistered GTA 2,00,000 5,000 [2,00,000 x 2.5%] 5,000 [2,00,000 x 2.5%] [Since GTA is unregistered, it has not exercised the option to pay tax itself; thus, tax on services of transportation of goods being provided to a registered person is payable under reverse charge by Surya @ 2.5% each under CGST and SGST.] Total net GST payable in cash 21,900 21,900 3,60,000