Yes, sir. Let's go to the next point. Financial end,
stockbroking services.
The banking companies give you many types of services.
For example, if you are going to get a draft or a DD made
in a bank, then they take some charges for the DD as well.
There are some transactions, they take bank charges.
Your cheque book is over, you have to issue a new cheque
book, there are some charges.
There are a lot of charges, sir.
What do you do with those charges? They are also giving you
services.
They are giving you banking services.
If you are a stockbroker, they are giving you broking
services.
So, on that service, the invoice that you will raise, will
it charge CGST, SGST or IGST?
They will show you the interest rate.
How is this determination done?
Sir, by comparing the place of supply.
With whom?
With the location of the supplier.
So, what will happen in place of supply?
Look at it.
Location of the receiver of service in the records of
supplier.
Look at it.
Location of the receiver in the records of the supplier.
The bank will see if the bank has your address or not.
If the bank has your address, if the bank has your address,
then the location of the receiver will see it from there.
But there can be such cases that the bank does not have
your address.
The stockbroker does not have your address.
So, in that case, location of the supplier of service will
be your place of supply.
Will be your place of supply.
Come, next.
Insurance services.
Insurance services are also like this.
In this, the services of insurance, if you are giving it to
a registered person, if you are giving it to a registered
person, then it is obvious that the location of the
receiver.
And if I am giving it to an unregistered person, if they
are provided to a person other than a registered person,
in that case, location of the receiver in the records of
supplier.
If I am giving it to a registered person, then the address
of the registered person will come.
But if I am giving it to an unregistered person, then in
the supplier's books, if there is an address of the
supplier, then that address will be my place of supply.
This is the point.
Okay.
Come to the last.
Advertisement service to the government.
There are many types of advertisements run by the
government.
For example, if you want to watch a movie in the hall, the
advertisement of Akshay Kumar comes as soon as you enter.
That he is not in a good mood.
A lot of advertisements come from the government.
One comes, Mukesh.
I am Mukesh, 23 years old.
After eating tobacco, my throat is like this.
A lot of advertisements are made by the government.
How does this system work?
The agencies of the government go to an ad agency.
They tell the theme to that ad agency.
That we have to make an advertisement on this theme.
And this will be our budget.
And the services of that advertisement, the ad agency will
give services to the government.
It is making an ad and giving services to the government.
In that case, what will it give as its place of supply?
See what it is.
Advertisement service to the central government, state
government, statutory body, local authority.
In that case, what will be the place of supply?
Each of the states where the advertisement is broadcasted,
run, played or disseminated.
Suppose you have 10 states.
And in those 10 states, you have the advertisement of
anti-tobacco campaign.
So, in every state, the place of supply will be considered.
The number of states where the advertisement is being
displayed, the number of states in the Union Territories
where the advertisement is being broadcasted, is being
played, in those states, those states will be considered as
your place of supply.
Okay, sir?
Shall we move ahead?
Okay, sir. These are our points.
We will cover this topic in the next lecture.
This is the place of supply of service where location of
supplier or location of receiver is outside India.
We will cover this topic in the next lecture.
For now, let us just revise what we have read.
We were talking about section 12.
There is supply of services.
In India, domestic services are being supplied.
Domestic services are being supplied.
So, what will you do in that case?
Sir, in that case, nothing will be done.
You have to look at specific provisions.
If you are covering in immovable property, if you are doing
an organization of events, or if you are providing entry in
amusement parks, if you are providing financial service, if
you are providing stock broking service, if you are
providing insurance service, if you are providing
advertisement service, if you are covering in all these
factors, if you are covering in all these points, then the
simple thing is to apply specific provisions.
If these are not covered, then apply general provisions.
This is the point, sir.
This is the last topic of this chapter.
We will finish it in the next lecture.
He is talking about outside India.
It is possible that the location of supplier is abroad.
Or the place of supplier is outside India.
So, how to look at it in that case?
We will look at it in the next lecture.
Till then, we have to revise what we have read.
Thank you very much.