TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Clarifications on GST and ITC for Warranties: Replacement Liabilities and Extended Warranty as Separate Services.</h1> The circular provides clarifications on GST liability and input tax credit (ITC) in cases involving warranties and extended warranties. It specifies that GST liability and ITC reversal apply when goods or parts are replaced under warranty, not just parts. It also clarifies scenarios where distributors replace goods or parts from their stock on behalf of manufacturers. For extended warranties, if the warranty is provided by a different supplier than the goods, it is treated as a separate supply of services. If sold after the original supply, it is also considered a separate service, with GST applicable accordingly.
TaxTMI 
TaxTMI 
