Sales Tax on Warranty
This query is : Resolved
VAIBHAB JAIN
(Querist)
27 November 2010
An authorized service station of car provide service to customer, but the spare parts which are replaced under warranty provided free of cost to customer and the same is recovered from the supplier
whether sales tax will charge to supplier on recovery amount
whether sales tax will charge to supplier on recovery amount
CMA Ramesh Krishnan
(Expert)
27 November 2010
Yes, It is a sale transaction, only the amount is receivable from a supplier due to warranty. so VAT is applicable
VAIBHAB JAIN
(Querist)
30 November 2010
But supplier has been returned only the cost of the part not the selling price
VAIBHAB JAIN
(Querist)
01 December 2010
Also i want to know what tax planning we can do to save the tax
can we show as agent and principal transaction
Please Reply Soon
can we show as agent and principal transaction
Please Reply Soon
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