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GST - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

GST - Valuation - job work - amortization of cost of moulds and ...


Amortized Cost of Free Moulds and Dies Must Be Included in GST Valuation for Components Made Under OEM Contracts.

June 15, 2018

Circulars     GST

GST - Valuation - job work - amortization of cost of moulds and dies etc. - if the contract between OEM and component manufacturer was for supply of components made by using the moulds/dies belonging to the component manufacturer, but the same have been supplied by the OEM to the component manufacturer on FOC basis, the amortised cost of such moulds/dies shall be added to the value of the components.

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