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TMI BlogITC of Credit Notes under GST against warrantyX X X X Extracts X X X X X X X X Extracts X X X X ..... ITC of Credit Notes under GST against warranty X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply By KASTURI SETHI: The Reply: In your query, detailed facts are known to me . So I would like to bring to your notice the following decision of AAR, Kerala Question No.(iii) & (iv) & their replies are worth reading and relevant for you. 2018 (18) G.S.T.L. 834 (A.A.R. - GST) = 2018 (11) TMI 282 - AUTHORITY FOR ADVANCE RULINGS, KERALA IN RE : SARASWATHI METAL WORKS Reply By KASTURI SETHI: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The Reply: Pl.read the first line of my reply as ,"Detailed facts are NOT known to me." Reply By KASTURI SETHI: The Reply: In continuation of case law mentioned above : (iii) The supply of parts under warranty being without consideration, no GST is payable. The value of supply made earlier includes the charges to be incurred during the warranty period. Therefore, the applicant who u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndertakes the warranty replacement is not required to reverse the input tax credit on the parts/components replaced. (iv) The supplier/manufacturer is eligible to avail the credit of higher input tax paid on purchase of raw materials, even though the manufactured products are taxable at lesser tax rate. _______ Reply By GAWESH NARULA: The Reply: No need to reverse the ITC, You can issue the go ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ods on deliveryt challan , departement is in this view, the company has already taken the cost of parts with origna material value .
As per my view no need to reverse the ITC. X X X X Extracts X X X X X X X X Extracts X X X X
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