https://www.taxtmi.com/article/detailed?id=12865 Replacements of goods or parts under warranty require ITC reversal; distributor replenishment by manufacturer without separate consideration is not a taxable supply and requires no ITC reversal by the manufacturer. Extended warranty provided by a different supplier or contracted separately is a distinct supply treated as a service with GST payable by the extended warranty supplier. Insurers in reimbursement claim settlements are recipients entitled to ITC on repair services to the extent of approved reimbursed amounts and only where invoices are in the insurer's name. Loans between related parties carrying only interest are not taxable as processing services, whereas separate processing fees are taxable. Ducts and manholes in OFC networks are plant and machinery and ITC on them is not barred. en-us Thu, 22 Aug 2024 10:29:02 +0530 Thu, 22 Aug 2024 10:29:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12865 Replacements of goods or parts under warranty require ITC reversal; distributor replenishment by manufacturer without separate consideration is not a taxable supply and requires no ITC reversal by the manufacturer. Extended warranty provided by a different supplier or contracted separately is a distinct supply treated as a service with GST payable by the extended warranty supplier. Insurers in reimbursement claim settlements are recipients entitled to ITC on repair services to the extent of approved reimbursed amounts and only where invoices are in the insurer's name. Loans between related parties carrying only interest are not taxable as processing services, whereas separate processing fees are taxable. Ducts and manholes in OFC networks are plant and machinery and ITC on them is not barred. Articles Goods and Services Tax - GST Thu, 22 Aug 2024 10:29:02 +0530 https://www.taxtmi.com/article/detailed?id=12865