export tool cost recovery gst applicality

Import / Export 857 views 7 replies

Srinivasan K

6 Points Joined June 2017

Srinivasan K 07 December 2017iif the tool developed by the supplier of components for foreign customer and raise debit note for cost recovery without physical movement and retained for further manufacture of components Gst applicable or not
if no gst under which notification
please advise

Regards
K.Srinivasan

Replies (7)

Akhil Rajeev Reddy

Article Assistant

121 Points Joined September 2017

Whether the same amounts to advance??????

Srinivasan K

6 Points Joined June 2017

No advance

Srinivasan

Manager

26 Points Joined August 2017

No advance . Customer issue us the Purchase order.Tool developed by us for further manufacture of components and debit note on foreign customer for tool cost recovery without physical movement. GST applicable or not. If not applicable what is the notification. Please advice. Regards K Srinivasan

VENGETRAO K

Practicing Company Secretary

41 Points Joined June 2007

Supply of goods/service is important creteria of GST and whithout which no GST.Similarly time of supply shall be considered So on completion or further developmeny of tools/component, time will arise to supply. Then GST is applicable for both.

Srinivasan

Manager

26 Points Joined August 2017

Sir,

Since there is no GST Circular or notification for tool cost recovery / development charges from the overseas customer for which there is no physical movement of tool what will be final solution to collect the money from the overseas customer.

Please provide your valuable views.

Regards

K Srinivasan

akhil

CFO

22 Points Joined March 2015

Hello, We are also facing the same problem in our plant.

Have you got any final update on the same

sunil singhal

SR EXECUTIVE ACCOUNTS

22 Points Joined July 2014

Hello Sir

We have received Purchase order of Tooling Charges with GST 18%. so pls give to me suggestion HOW CAN PROVIDE TO CUSTOMER COMMERCIAL INVOICE WITH GST AMOUNT.

due to GST TAX INVOICE ONLY FOR INDIA OR COMMERCIAL INVOICE FOR OVERSEAS CUSTOMER