Capital Goods movement

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..... Capital Goods movement
Query (Issue) Started By: - AnilKumar Vyas Dated:- 24-8-2017 Last Reply Date:- 25-8-2017 Goods and Services Tax - GST
Got 2 Replies
GST
Dear Experts, Thanks for yo .....

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..... ur continuous valuable support and suggestions.............. We purchased some capital goods on behalf of us but now we would like to issue invoice to our customer for those capital items. Please su .....

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..... ggest, is movement of capital goods required, if that will be used in our factory for manufacturing of customer product? Also request to give the reference of section or rules available. Regards Rep .....

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..... ly By KASTURI SETHI: The Reply: Issuance of invoice to your customer means your customer will be the owner of those capital goods and those goods will remain in your factory for manufacture of your c .....

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..... ustomer's products. It will fall under the definition of 'Supply of services'. You will use those capital goods and it is presumed that consideration will be flowing to you directly or ind .....

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..... irectly. Movement is not required but you will pay GST at the same rate of Central Tax on supply of like goods.SAC 9973. This is my view. Reply By AnilKumar Vyas: The Reply: Dear Sir, Thanks for y .....

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..... our valuable opinion ........... Thanks for give the reference of any rule or section of GST. Regards
Discussion Forum - Knowledge Sharing .....

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