1. As per sec. 18(1)c of cgst act, when a registered person ceases to pay tax under sec. 10, he will take credit of capital goods as per rule 40(1)(a). But if the date of invoice is more than one year, when the composition scheme is over, can he take credit?
2.Whether spare parts provided during warranty will attract gst?
3. Credit reversed when goods written off in the existing CCR rules, subsequently used post gst, can he take the credit.
Kindly give reply
Regards
GST Forum Clarifies: No Credit After a Year, GST on Warranty Spares, No Credit for Written-Off Goods Post-GST. A discussion forum on Goods and Services Tax (GST) addressed three queries: whether credit can be taken on capital goods after a year when the composition scheme ends, if spare parts provided during warranty attract GST, and whether credit can be taken for goods written off but used post-GST. The consensus was that credit cannot be taken after a year, spare parts during warranty do attract GST, and credit cannot be reclaimed for goods written off. It was clarified that warranty costs are included in the selling price and GST is applicable, aligning with pre-GST practices where similar duties were paid. (AI Summary)
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