Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
The circular provides clarification on GST liability and input tax credit (ITC) availability for warranty and extended warranty cases. It addresses issues like the replacement of goods or parts under warranty, distributor's role in replacement, and nature of extended warranty supply. It clarifies that GST is not payable on goods replenished under warranty and distinguishes extended warranty as a separate service. The circular emphasizes uniformity in implementing CGST Act provisions. Trade notices are advised for dissemination, and feedback on implementation challenges is welcomed.
The circular provides clarification on GST liability and input tax credit (ITC) availability for warranty and extended warranty cases. It addresses issues like the replacement of goods or parts under warranty, distributor's role in replacement, and nature of extended warranty supply. It clarifies that GST is not payable on goods replenished under warranty and distinguishes extended warranty as a separate service. The circular emphasizes uniformity in implementing CGST Act provisions. Trade notices are advised for dissemination, and feedback on implementation challenges is welcomed.
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