Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Clarification on availability of ITC in respect of warranty replacement of parts and repair services during warranty period - Assam SGST - The circular aims to clarify the GST implications on the warranty replacement of parts and repair services that are provided without any separate consideration (payment) from the customer. - For manufacturers and distributors, the circular offers guidance on handling ITC and GST for warranty services, reducing the risk of litigation and compliance issues.
Clarification on availability of ITC in respect of warranty replacement of parts and repair services during warranty period - Assam SGST - The circular aims to clarify the GST implications on the warranty replacement of parts and repair services that are provided without any separate consideration (payment) from the customer. - For manufacturers and distributors, the circular offers guidance on handling ITC and GST for warranty services, reducing the risk of litigation and compliance issues.
Note: It is a system-generated summary and is for quick reference only.
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