Tools and dies charges

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Gurvinder Singh (Querist)
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01 May 2018 Payment received tool and dies development charges from our foreign buyer. We are not clear how to generate export and tax invoice in case of export .

Please clarify development charges add or less in the value of export material or separate mentioned in this invoice

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 May 2018 As separate payment received, separate mentioned in this invoice.

Gurvinder Singh

Gurvinder Singh (Querist)
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02 May 2018 Dear sir thanks for reply.
But tools and dies retained in our premises on behalf of our foreign vendor.
Sir please suggest we have define service or supply and provide us suitable HSN Code.

Gurvinder Singh

Gurvinder Singh (Querist)
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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 May 2018 It is only reimbursement of expenses incurred towards tool and dies development charges.

Gurvinder Singh

Gurvinder Singh (Querist)
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02 May 2018 Dear Sir

Our concerned GST officer advised to add "development charges" in the assesssable value of material supplied and clear the same without IGST against Letter of Undertaking.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 May 2018 Yes Agreed with the above.

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