GST clarifications on moulds/dies, servicing tax treatment, auction accounting, and e-way bill requirements. Where an OEM provides moulds and dies FOC to an unrelated component manufacturer, that transfer is not a supply and the OEM need not reverse the input tax credit; such FOC moulds/dies generally are not includible in the component manufacturer's taxable value, except where contractual terms require addition of amortised cost. Separately valued goods and services are taxed at their respective rates. For auctions, principals and auctioneers must maintain books for each place of business (which may be kept at the principal place after notifying the officer) and may claim input tax credit subject to conditions. Rail deliveries require production of the e-way bill, with specified exemptions for DTA-SEZ movements.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
GST clarifications on moulds/dies, servicing tax treatment, auction accounting, and e-way bill requirements.
Where an OEM provides moulds and dies FOC to an unrelated component manufacturer, that transfer is not a supply and the OEM need not reverse the input tax credit; such FOC moulds/dies generally are not includible in the component manufacturer's taxable value, except where contractual terms require addition of amortised cost. Separately valued goods and services are taxed at their respective rates. For auctions, principals and auctioneers must maintain books for each place of business (which may be kept at the principal place after notifying the officer) and may claim input tax credit subject to conditions. Rail deliveries require production of the e-way bill, with specified exemptions for DTA-SEZ movements.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
