Queryn on gst
Query (Issue) Started By: – HimansuSekhar Sha Dated:- 19-7-2017 Last Reply Date:- 28-8-2017 Goods and Services Tax – GST
Got 9 Replies
GST
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?
\n2.Whether spare parts provided during warranty will attract gst?
\n3. Credit reversed when goods written off in the existing CCR rules, subsequently used post gst, can he take the credit.
\nKindly give reply
\nRegards
\nReply By KASTURI SETHI:
\nThe Reply:
\nQuery-wise reply:-
\n1. No.
\n2.Yes
\n3. No.
\nReply By MARIAPPAN GOVINDARAJ<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n hing can be said. That may or may not require spares. 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. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Queryn on gst Query (Issue) Started By: – HimansuSekhar Sha Dated:- 19-7-2017 Last Reply Date:- 28-8-2017 Goods and Services Tax – GSTGot 9 RepliesGST1. 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 … Continue reading “Queryn on gst”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-6266","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/6266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6266"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/6266\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nis never free of cost. The
\nReply By MUKUND THAKKAR:
\nThe Reply:
\nThanks Sh.kasturiji Sir for explaining in details.
\nReply By HimansuSekhar Sha:
\nThe Reply:
\nwill it come come the category sl.no. 1 , sch. 1: permanent disposal of assets where the credit has been taken
\nReply By Himansu Sekhar:
\nThe Reply:
\nAs clarified, the gst will not be paid during supply of goods during warranty period free of cost and no credit will be re<\/p>\n
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