GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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where the factory is located
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where the customer is located
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where the supplier is located
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where JD Sports is located
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Detailed explanation-1: -Location of supplier is usually where a supply is made from, a place mentioned as a principal place of business on the GST registration certificate.
Detailed explanation-2: -In case of goods the location of the supplier includes ‘place where goods are stored’. Hence, location of supplier of goods is where business is ordinarily carried on or where the goods themselves are located, it is the place where the supplier holds control over the goods ready to deliver.
Detailed explanation-3: -When the location of supplier and the place of supply are in two different States, then it will be an inter-State supply and IGST applies. And when they are in the same State, then it will be an intra-State supply and CGST/ SGST applies.
Detailed explanation-4: -Location of the Supplier and place of supply are in the same state, therefore, transaction shall be treated as intra-state supply. The place of supply is where the work of installation or assembly is done.
Detailed explanation-5: -where the supply is made from/received at a place of business for which registration has been obtained, the location of supplier/ recipient of services would be the location of such place of business. (iii) in the absence of such places, the usual place of residence of the supplier or the recipient.