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    <title>Reversal of VAT Input tax credit</title>
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    <description>Reversal of VAT input tax credit for free replacement of spare parts under warranty is the central issue. The department demanded reversal of claimed input tax credit where spare parts are supplied free under a warranty scheme, and the recorded advisory response concurs that reversal is appropriate.</description>
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      <link>https://www.taxtmi.com/forum/issue?id=111800</link>
      <description>Reversal of VAT input tax credit for free replacement of spare parts under warranty is the central issue. The department demanded reversal of claimed input tax credit where spare parts are supplied free under a warranty scheme, and the recorded advisory response concurs that reversal is appropriate.</description>
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      <law>VAT / Sales Tax</law>
      <pubDate>Wed, 19 Apr 2017 12:38:30 +0530</pubDate>
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