Supply definition: moulds and dies provided free do not constitute supply, affecting valuation and input tax credit. Moulds and dies provided free by an OEM to an unrelated component manufacturer are not a supply and do not trigger reversal of input tax credit, nor are they includible in the component manufacturer's transaction value; if contractually the component manufacturer is treated as owner, amortised cost must be added and OEM must reverse ITC. Servicing with separately invoiced goods and services is taxed at separate rates; auction participants may declare warehouses as additional places of business and maintain books accordingly; e-way bills are required for interstate transit and for railway delivery at time of delivery.
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.
Supply definition: moulds and dies provided free do not constitute supply, affecting valuation and input tax credit.
Moulds and dies provided free by an OEM to an unrelated component manufacturer are not a supply and do not trigger reversal of input tax credit, nor are they includible in the component manufacturer's transaction value; if contractually the component manufacturer is treated as owner, amortised cost must be added and OEM must reverse ITC. Servicing with separately invoiced goods and services is taxed at separate rates; auction participants may declare warehouses as additional places of business and maintain books accordingly; e-way bills are required for interstate transit and for railway delivery at time of delivery.
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