Important points under GST regime:

On Day of Migration to GST, the following areas should be addressed & completed by all
Depots.

1) Opening Stock to be communicated to GST authorities.

2) Any pending ED Inputs which remain unutilized on 30.06.2017, will be carried forward
under GST, provided their ED Invoices are within ONE YEAR. Ie All Pending Inputs for
which ED Invoice dates are ON & After 01.07.2016, can be carried forward under GST.
ED Invoice copies should be available for carrying forward such Inputs under GST.
3) All Incoming Stock Transfers up-to June 30th, 2017should be taken into stock
immediately and corresponding ED Input taken simultaneously. GST Act provides time
up-to 31st July, 2017 for all GITs to be taken into stock. If there are any GITs -where
PGI dates are up-to 30.06.2017 -pending after 31.07.2017, then ED Input against
those Stock Transfers will NOT BE CARRIED FORWARD as Input Credit
4) All VAT Inputs for Incoming supplies should be preferably availed by 30.06.2017(June-
Return). Any un-utilized VAT Input will be carried forward under GST as ‘SGST’ Input.

GST Rates applicable for BEML:

1) For Equipment = 28% including Dumpers

The relevant clauses are reproduced as below:

Page no. 168 of the published GST rates both these categories of Equipment
come under 28% GST rate schedule

12) Fork -lift trucks; other works trucks fitted with lifting or handling equipment
[8427]

13) Other lifting, handling, loading or unloading machinery (for example, lifts,
escalators, conveyors, teleferics) [8428]

“14.- Self -propelled bulldozers, angle dozers, graders, levellers, scrapers, mechanical
shovels, excavators, shovel loaders, tamping machines and road rollers [8429]”

15. Other moving, grading, levelling, scraping, excavating tamping, compacting, extracting or
boring machinery, for earth, minerals or ores; pile-drivers and pile extractors; snow-ploughs
and snow-blowers [8430] “

Page 188- Dumpers are included in schedule-8704- Chapter ID 87041010

“Motor vehicles for Transport of goods, dumpers designed for Off-Highway use: with
net weight (excluding payload) exceeding 8 tons & maximum payload capacity not less
than 10 tons)”

2) for Spares : 18% except Dumper Spares , Engine Spares & certain assemblies as per
annexure.

16. {8431} Parts suitable for use solely or principally with the machinery of headings 8425
to 8430 )

-8708- Parts & accessories of the Motor Vehicles of headings 8701 to

8705- i.e Dumper Spares will carry GST @ 28%

Services = the Schedule of rates is attached herewith. Some of the commonly used
Services in BEML is mentioned below:

Sl Type Of Service Rates with

no Remarks
1 5%.No Credit for
Services of goods transport agency (GTA) in Inputs. No
relation to transportation of goods [other than used abatement
household goods for personal use]
2 5%.No Credit for
Renting of motor-cab Inputs. No
(If fuel cost is borne by the service recipient, then abatement
18% GST will apply)
3 Construction of a complex, building, civil structure or 12%
a part thereof, intended for sale to a buyer, wholly or With Full ITC but no
partly. refund of overflow of
[The value of land is included in the amount charged from the ITC
service recipient]
4 All other services not specified elsewhere 18%. Full ITC

Note: Other Services commonly used in BEML like: Maintenance & Repair( MARC),
Security, Labour, etc are not specifically covered in any schedule. Hence they will be
covered in Category ‘4’ above ie. 18% GST with full Input Tax credit( ITC).

Other Important points

1) Point of Taxation: Which date is relevant for GST?

The time of supply of goods determines the GST liability

The relevant date is the earliest of the following dates:

 a) Date of Invoice
b) Date of payment realization.
c) Date of removal of goods or the date when it is made available to the Customer
d) Date of receipt of goods by Customer.

2) Assesable value for Stock Transfer under GST:

Will be the same transfer Price which is being currently adopted for Excise Duty.

Note : This is not an exhaustive list. For more details see Govt of India website – ‘cbec.in