Goods and Services Tax – Started By: – Kaustubh Karandikar – Dated:- 10-12-2018 Last Replied Date:- 11-12-2018 – XYZ is the manufacturer of Product A which attracts 12% GST. To manufacture this product, they require Blocks, Punches etc. which they get it done from outside. XYZ recovers this amount of developing the blocks and punches from the customer through tax invoice issued for Product A but shows it separately as Development charges for making blocks and punches. 1) Can XYZ charge the same GST which is applicable for product A in respect of development charges recovered or 2) Need to issue a separate service invoice for development charges and charge the applicable GST? – Reply By Ganeshan Kalyani – The Reply = As per Section 15 of CG
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =