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GST India scheduling agreements

Dear Experts,

We use scheduling agreements more than purchase orders. How will be the tax determined in case of GST india. I see that for scheduling agreements , there is no provision of HSN code and more over the tax procedure works only based on Tax classification maintained in access sequence and not based on control code.

I did see a similar query in this portal and the answer was HSN code is not extended to scheduling agreements.Does this mean that i have to go only by tax classification? I feel its not the right way to calculate taxes based only on tax classification for scheduling agreements.Experts kindly let me know your view on this issue.

Thanks in advance,

Mridula

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2 Answers

  • Jul 12, 2017 at 04:45 PM

    May be you need to download the PDF attached in OSS note 2407980

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  • Jul 11, 2017 at 12:27 PM

    ****I see that for scheduling agreements , there is no provision of HSN code and more over the tax procedure works only based on Tax classification maintained in access sequence and not based on control code****

    In which access sequence you found this SD or MM.(V/07 or M/07)

    What was current process you are using for Scheduling agreements-Pl brief us.

    Phanikumar


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