https://www.taxtmi.com/circulars?id=70912 Free-of-cost moulds and dies supplied by an OEM to an unrelated component manufacturer are not a supply without consideration and do not require input tax credit reversal when provided in the course or furtherance of business. Their value is excluded from the component supply value unless the component manufacturer was contractually required to use its own moulds or dies; in that event, amortised cost is included and related credit must be reversed. Separately stated spare parts and labour in car servicing are taxable at their respective applicable rates. en-us Fri, 08 Jun 2018 00:00:00 +0530 Mon, 24 Aug 2026 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=70912 Free-of-cost moulds and dies supplied by an OEM to an unrelated component manufacturer are not a supply without consideration and do not require input tax credit reversal when provided in the course or furtherance of business. Their value is excluded from the component supply value unless the component manufacturer was contractually required to use its own moulds or dies; in that event, amortised cost is included and related credit must be reversed. Separately stated spare parts and labour in car servicing are taxable at their respective applicable rates. Circulars GST - States Fri, 08 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=70912