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FOC supply to customer

Goods and Services Tax - Started By: - saravanan rengachary - Dated:- 13-2-2018 Last Replied Date:- 19-2-2018 - Dear Sir,FOC supply does not attract GST as there is no consideration received.is there any restriction in availing GST input credit on th .....

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= Dear Sir,is GST applicable on Warranty replacement?. - Reply By saravanan rengachary - The Reply = If input is not eligible for FOC supply, is the input is eligible for warranty replacement supply?.Saravanan. - Reply By SHIVKUMAR SHARMA - The Reply .....

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ITC If waranty charges were recovered from Customer,may be even a single RupeeYour Customer can avail ITC if you have charge GST. - Reply By Rajagopalan Ranganathan - The Reply = Sir, According to Schedule I of CGST Act, 2017 1. Permanent transfer o .....

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iness: Provided that gifts not exceeding fifty thousand rupees in value in a financial year by an employer to an employee shall not be treated as supply of goods or services or both. 3. Supply of goods- (a) by a principal to his agent where the agent .....

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of his other establishments outside India, in the course or furtherance of business. will be ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION. All other supplies made free of cost are not liable to gst. - Reply By Himansu Sekhar .....

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y and whether the supplier is required to reverse the input tax credit?Answer: As parts are provided to the customer without a consideration under warranty, no GST is chargeable on such replacement. The value of supply made earlier includes the charg .....

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ement is never free. Tax already/duty already paid at the time of clearance from the factory. When we purchase any goods from a dealer with warranty, cost of component/material is included with duty paid. Hence it is not free supply. No reversal requ .....

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ces or both between related persons or between distinct persons as specified in section 25, when made in the course or furtherance of business: So here it is very prominent to note that supply between related person or distinct person, GST is applica .....

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