Queryn on gst

[Himansu Sekhar]

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

AI Summary

Input tax credit: reversal required where spare parts are used for warranty; suppliers bear GST on warranty repairs.
On exiting the composition scheme, input tax credit for capital goods is not available if the invoice is older than one year; spare parts supplied during warranty attract GST and any previously claimed ITC on such parts must be reversed when used for warranty obligations; credit reversed under prior write off rules cannot be reclaimed if goods are later used post GST. Warranty costs are regarded as part of the transaction value, and suppliers bear tax on warranty repairs.