Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

GST on Free of Cost Replacement for failed Spares

Goods and Services Tax - Started By: - Ramesh C Behera - Dated:- 12-9-2017 Last Replied Date:- 14-9-2017 - Hi,We are a Subsidiary of an MNC . Our Parents company supplies Capital Goods to its customers in India. When there is any breakdown capital go .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

w the GST implication on the Free of Cost Supply made by us. - Reply By Rajagopalan Ranganathan - The Reply = Sir, First of all please clarify where your parent company is located? If it is located outside taxable territory (India) then the spares se .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

your customer in India is intra state. If your supply to your customer in India is inter- state IGST is payable and the credit of IGST paid at the time of import of the spares can be utilised for payment of IGST. - Reply By Ganeshan Kalyani - The Rep .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

since it was charged on the invoice raised on you. Now you are supplying those material to customets as free supply. This transaction does not have consideration. Hence in my view GST is not applicable. - Reply By Himansu Sekhar - The Reply = Free of .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e Reply = As explained in my previous post, My Parent company is located in Singapore. What ever spares sent to us is custom duty and IGST Paid. We get the spares ( duty and GST Paid) free of cost and just have to supply these spares to the customer .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     Update Alerts     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version