Free replacement of parts of goods under warranty does not attract Goods and Services Tax but tax would be payable if customers are charged for new parts, Central Board of Indirect Taxes and Customs (CBIC) said in an order giving effect to the decisions of the GST Council meeting earlier this month.
Source: a2ztaxcorp.com
Latest Posts in "India"
- Key Outcomes from the 56th GST Council Meeting
- GST Success Hinges on Single Tax Rate, Report Recommends Two Slabs and Capped Peak Rate
- Uncertainty in GST Treatment for Ride-Hailing Platforms: Legal Challenges and Implications
- 56th GST Council meeting is scheduled for September 3rd and 4th, 2025
- Eight States Demand GST Rate Cuts Be Tied to Revenue Guarantee and Consumer Benefits
