https://www.taxtmi.com/forum/issue?id=117475 GST treatment turns on whether patterns are a separate supply or part of the casting supply: separate sale of patterns held in India attracts GST and is not zero-rated; where pattern charges form part of the casting price and castings are exported, include only the amortised pattern cost per unit in the castings' value and treat the castings as zero-rated. Mischaracterising pattern charges as packing charges risks under-valuation and incorrect classification. Contractual terms and ownership determine asset status and tax consequences. en-us Mon, 06 Sep 2021 10:40:14 +0530 Thu, 23 Jan 2025 15:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117475 GST treatment turns on whether patterns are a separate supply or part of the casting supply: separate sale of patterns held in India attracts GST and is not zero-rated; where pattern charges form part of the casting price and castings are exported, include only the amortised pattern cost per unit in the castings' value and treat the castings as zero-rated. Mischaracterising pattern charges as packing charges risks under-valuation and incorrect classification. Contractual terms and ownership determine asset status and tax consequences. Discussion-Forum GST Mon, 06 Sep 2021 10:40:14 +0530 https://www.taxtmi.com/forum/issue?id=117475