Commodity Participants Association of India
    (Transforming Rural Economy to Global)

Commodity Participants Association of India (CPAI) updated its previous Directory and introduced its New All India Members’ Directory which was released by Dr. K. P. Krishnan, Additional Secretary Finance & Director General, Department of Economic Affairs. Ministry of Finance in a seminar on 22nd September 2014 at Kolkata.

Apart from messages from the Chief Mentor of CPAI, National President of CPAI and the Editor, the other features of the new All India Members’ Directory 2014 include, Region wise details of over 2000 participants of Commodity Participants from all over the country, Lists of members of National Executive Committee & office bearer of Regional Councils with their email ids and contact numbers.

In an attempt to make the new directory more useful and purposeful, additional features like Monthly as well as Annual Compliance Calendar for Commodity Operations, Details of the officers in the Forward Markets Commission (FMC), National & International Useful Links, Public Utility Telephone Numbers have also been incorporated in it.

In order to solicit support, An Appeal for Becoming Member to the Non Members has also been made by the National President of CPAI along with Membership Form through the new All India Members’ Directory 2014.

On the eve of 4th International Convention on 30th May 2015, to commemorate the occasion, CPAI is going to release its Journal consisting of informative articles on various topics related to the Commodity Futures Market by the most knowledgeable and experienced personalities in the field of commodities besides messages from the Senior Ministers and other Top Dignitaries of the India.

The said Journal will be released by the Chief Guest on 30th May 2015.

Commodities Participant Association of India
Northern Region

Takeaways for Members

GST Transition: Major Issues

Commodities Participant Association of India (CPAI), hosted a seminar for members on 6th June 2017 at Constitution Club, New Delhi where more than 300 Members & their Officials were present.

Members raised many queries in the matter and the following were the major issues which we have compiled for being shared with members for their benefit.

S.No. Query Response
1 Are we required to get registered in all states where we have offices. The state in which the Dealing Office which are maintained by Broker as their own office are to be registered.
2. Whether Authorised Persons(APs) earlier known as Sub Broker need to get registered:- 
  • If Broker has a dealing office in the state and AP raises an invoice to that office then he may not register if his Commission Income is lower than 20 Lacs (10 Lacs for Hilly and North eastern states)
  • If Broker does not have a dealing office every AP needs to be registered as the supply of services by AP are Inter-state and basic exemption limit do not apply.
3.  Place of Supply If there is a specific dealing office for a particular client then that office, else the place of signing of contract notes.
4.  Input Service Distribution – Branch Costs If any branch does not have revenue sources of its own while contribute to the supply of services by Head office as inputs, the same can be billed to Head Office under Input Service Distribution.
5. Place of Supply - NRI Clients The address of Service Recipient in case of NRI Clients shall be there local correspondence address. The same shall be important for determining whether it shall be CGST/SGST or IGST Billing.

Click Here Download Audio of GST Seminar of CPAI