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"
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
- GST: India’s Grand Federal Bargain Becomes Imperfect Political Compromise After Eight Years
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries