Recovery of tooling cost

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..... Recovery of tooling cost
Query (Issue) Started By: - Textron India Dated:- 9-8-2022 Last Reply Date:- 10-8-2022 Goods and Services Tax - GST
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GST
Dear Sir / Madam Tool is deve .....

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..... loped 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-c .....

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..... ost reimbursement. Reply By Amit Agrawal: The Reply: The facts and context of legal issue involved, are not clear from the query raised. Kindly elaborate, in particular, the followings: A. Is owne .....

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..... rship 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? .....

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..... 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)?
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..... Discussion Forum - Knowledge Sharing .....

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