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TMI Blog2018 (9) TMI 1338X X X X Extracts X X X X X X X X Extracts X X X X ..... for calculating the GST and reflecting the same in GST invoice format? - How to declare the transactions in GSTR-1 & GSTR -3 and GSTR-3B. Held that:- As the query is clarified by CBIC, they requested that the application be treated as withdrawn. The application filed by the Applicant for advance ruling is dismissed as withdrawn. - TN/05/AAR/2018 - - - Dated:- 30-8-2018 - MS. MANASA GANGOT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s Valeo Clutch Private Limited, B9, SIPCOT Industrial Park, Oragadam, Vaippur A Block Village, Sriperumbadur TaIuk, Kancheepuram District, Tamil Nadu-602105 (hereinafter referred as the Applicant) is engaged in the production and supply of automobile parts, predominantly to Original Equipment Manufacturers as per the design and specifications supplied by such OEM recipients. The applicant has subm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y supply tools, dies and / or moulds('tools') free of cost that will be used in the production of finished goods parts by the applicant in their factory production. In the earlier Central Excise regulations, the cost of such free tools were usually amortised over the life cycle of the tool and added to the value of finished goods for calculation of Central Excise duties in terms of explana ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The applicant vide their letter dated 09.08.2018 has referred to the PH posted on 07.08.2018 in connection with the subject application seeking a ruling on the aspect of amortization. They have stated that subsequent to their application, a circular No.47/21/2018GST dated 08.06.2018 has been issued by CBIC which has effectively clarified various aspects of the question of amortization and has als ..... X X X X Extracts X X X X X X X X Extracts X X X X
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