export tool cost recovery gst applicality



¬†¬†Srinivasan K¬†ÔŅľ¬† ¬†¬†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
 
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Article Assistant

Whether the same amounts to advance??????
 
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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
 
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Practicing Company Secretary

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.

 
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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

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

Have you got any final update on the same

 
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