https://www.taxtmi.com/circulars?id=67268 The value of the original supply by a manufacturer includes anticipated warranty replacement and repair costs; where replacements or repairs are provided during warranty without separate consideration, no additional GST is chargeable and no reversal of input tax credit is required. If additional consideration is charged to the customer, GST applies to that consideration. Distributor-manufacturer arrangements are taxable or not depending on whether the distributor issues a taxable invoice to the manufacturer, the manufacturer supplies parts to the distributor without consideration, or a credit note and ITC reversal mechanism is involved. Repair services billed by the distributor to the manufacturer are taxable, and extended warranties sold at sale are composite supply while those sold later are separate taxable contracts. en-us Fri, 21 Jul 2023 00:00:00 +0530 Wed, 20 Mar 2024 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67268 The value of the original supply by a manufacturer includes anticipated warranty replacement and repair costs; where replacements or repairs are provided during warranty without separate consideration, no additional GST is chargeable and no reversal of input tax credit is required. If additional consideration is charged to the customer, GST applies to that consideration. Distributor-manufacturer arrangements are taxable or not depending on whether the distributor issues a taxable invoice to the manufacturer, the manufacturer supplies parts to the distributor without consideration, or a credit note and ITC reversal mechanism is involved. Repair services billed by the distributor to the manufacturer are taxable, and extended warranties sold at sale are composite supply while those sold later are separate taxable contracts. Circulars GST - States Fri, 21 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67268