Department has given a clarification on the issue related to the place of supply, procedure and respective GST rules in order to capture the supplies in case of ARTIST who can either make direct supply to customer or can exhibit the same etc.
Some major take-away (from the circular) can be referred below -
1- art work for supply on approval basis can be moved from the place of business of the registered person (artist) to another place within the same State or to a place outside the State on a delivery challan along with the eway bill wherever applicable and the invoice may be issued at the time of actual supply of art work,
2- It is also clarified that the supplies of the art workfrom one State to another State will be inter-State supplies and attract integrated tax in terms of section 5 of the Integrated Goods and Services Tax Act, 2017
3- in case of supply by artists through galleries, there is no consideration flowing from the gallery to the artist when the art works are sent to the gallery for exhibition and therefore, the same is not a supply,
For reading full circular please refer link - http://www.cbec.gov.in/resources//htdocs-cbec/gst/circularno-22-cgst.pdf
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Some major take-away (from the circular) can be referred below -
1- art work for supply on approval basis can be moved from the place of business of the registered person (artist) to another place within the same State or to a place outside the State on a delivery challan along with the eway bill wherever applicable and the invoice may be issued at the time of actual supply of art work,
2- It is also clarified that the supplies of the art workfrom one State to another State will be inter-State supplies and attract integrated tax in terms of section 5 of the Integrated Goods and Services Tax Act, 2017
3- in case of supply by artists through galleries, there is no consideration flowing from the gallery to the artist when the art works are sent to the gallery for exhibition and therefore, the same is not a supply,
For reading full circular please refer link - http://www.cbec.gov.in/resources//htdocs-cbec/gst/circularno-22-cgst.pdf
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