Goods and Services Tax – Started By: – HimansuSekhar Sha – Dated:- 19-7-2017 Last Replied Date:- 28-8-2017 – 1. As per sec. 18(1)c of cgst act, when a registered person ceases to pay tax under sec. 10, he will take credit of capital goods as per rule 40(1)(a). But if the date of invoice is more than one year, when the composition scheme is over, can he take credit? 2.Whether spare parts provided during warranty will attract gst? 3. Credit reversed when goods written off in the existing CCR rules, subsequently used post gst, can he take the credit. Kindly give reply Regards – Reply By KASTURI SETHI – The Reply = Query-wise reply:-1. No.2.Yes3. No. – Reply By MARIAPPAN GOVINDARAJAN – The Reply = I almost endorsed the views of Shri Kasthuri S
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The defect may or may not require spares, but cost of repair is to be borne by the manufacturer as buyer has paid expected amount in advance at the time of purchase. So repair with or without spares, GST has to be borne by the manufacturer.Hence spare attracts GST.is never free of cost. The – Reply By MUKUND THAKKAR – The Reply = Thanks Sh.kasturiji Sir for explaining in details. – Reply By HimansuSekhar Sha – The Reply = will it come come the category sl.no. 1 , sch. 1: permanent disposal of assets where the credit has been taken – Reply By Himansu Sekhar – The Reply = As clarified, the gst will not be paid during supply of goods during warranty period free of cost and no credit will be reversed. I respect their view of experts. – Reply B
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