tool amortization cost to be included in calculating gst

[Ramakrishnan Seshadri]

Dear Experts,

We kindly request to confirm whether tool amortization cost has to be included in calculating gst.

One of our supplier saying that it should not be included. But our customer asks us to calculate gst with tool amortization cost.

Please confirm the same.

Thanks

S.Ramakrishnan

[KASTURI SETHI]

Tool amortization cost is an expense. All incidental expenses are to be included in the value of product for the purpose of payment of GST.

[Ganeshan Kalyani]

Yes i agree with Sri Kasturi Sir. Incidental charges to be added to consideration to charge GST.

[subramanian vijayakumar]

All incidental. Cg,harges to be added to the value and GST is liable only on that

AI Summary

Tool amortization inclusion in taxable value: incidental expenses increase GST liability on supply for goods. Tool amortization is treated as an incidental expense that forms part of the consideration for supply; it should be added to the product's value for GST purposes, and GST is payable on the aggregated value inclusive of incidental charges.