Discussions Forum | ||
Home Forum Goods and Services Tax - GST This
A Public Forum.
Submit new Issue / Query
My Issues
My Replies
|
||
Recovery of tooling cost, Goods and Services Tax - GST |
||
|
||
Recovery of tooling cost |
||
Dear Sir / Madam Tool is developed in India to build mould and the moulds are supplied to foreign customer for next 5 to 10 years. if the supplier wants to recover the tooling cost does it attract GST? please note it is cost-to-cost reimbursement. Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
The facts and context of legal issue involved, are not clear from the query raised. Kindly elaborate, in particular, the followings: A. Is ownership of concerned tools is transferred to foreign customer or not? OR it is merely reimbursement of cost, without making any supply? B. If concerned tools is physically taken outside India or not? C. What is purpose if same is kept with the supplier itself in India? Whether, tools are kept with the supplier so as manufacture mould/s (which in turn to be supplied to the foreign customer)? Page: 1 Old Query - New Comments are closed. |
||