Whether supply by artists through galleries is leviable under GST?
Supply by artists through galleries is not leviable under GST if the following conditions are met:
- The artist does not receive any consideration from the gallery for the supply of the art work.
- The art work is only displayed at the gallery for exhibition purposes and is not sold by the gallery.
- The artist is registered under GST and is liable to pay GST on the supply of the art work when it is sold by the gallery.
If any of these conditions are not met, then the supply by the artist through the gallery will be subject to GST.
Here are some additional details about the GST implications of supply by artists through galleries:
- The gallery is not liable to pay GST on the supply of the art work if it does not receive any consideration from the artist.
- The artist is liable to pay GST on the supply of the art work when it is sold by the gallery. The GST rate will be the same as the GST rate applicable to the sale of art work.
- The artist may be able to claim input tax credit (ITC) on the GST paid on the supplies made to them by the gallery, such as the cost of framing the art work.
If you are an artist who supplies your art work through galleries, you should be aware of the GST implications of your activities. You should ensure that you are registered under GST and that you are paying the correct GST on your supplies. You should also keep records of all your GST-related transactions.