GST credit on vendor developed tools
This query is : Resolved
Quick Summary
04 March 2020
Dear Expert,
We are into automobile sector , our vendor "X" has developed one tool and it is at his location , also the spares/ parts developed from it , will be supplied to us.
Vendor has raised GST invoice for the same where "ship to" and "bill to" is in our name.
Can we take GST benefit on the same ?
As per Rule 16 (2)(b) , possession of good is must for us.
Please clear my query.
We are into automobile sector , our vendor "X" has developed one tool and it is at his location , also the spares/ parts developed from it , will be supplied to us.
Vendor has raised GST invoice for the same where "ship to" and "bill to" is in our name.
Can we take GST benefit on the same ?
As per Rule 16 (2)(b) , possession of good is must for us.
Please clear my query.
04 March 2020
Yes you can take the GST benefit on the same. Prepare a challan for sending it for use in manufacturing job work.
09 March 2020
Sir, if department want to check through E way bill , how we can co-relate the things because there will be no e waybill issued for the same.
09 March 2020
E way bill not required if value is less than 50,000.
10 March 2020
Dept will not check E way bill after transport. During transport only it will be checked.
Claim ITC you will not face any problem as your vendor is holding it on behalf of you.
Claim ITC you will not face any problem as your vendor is holding it on behalf of you.
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