Amortized Cost of Free Moulds and Dies Must Be Included in GST Valuation for Components Made Under OEM Contracts.
Circulars
GST
GST – Valuation – job work – amortization of cost of moulds and dies etc. – if the contract between OEM and component manufacturer was for supply of components made by using the moulds/dies belonging to the component manufacturer, but the same have been supplied by the OEM to the component manufacturer on FOC basis, the amortised cost of such moulds/dies shall
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