hello friends if the client is giving material as FIM.from.his side which will be included in finished product which will be despatched to him only
is GST applicable on the FIM ? are we supposed to include that FIM VALUE in billing to client ?
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Quick Summary
This discussion explores the applicability of GST on Free Issue Material (FIM). FIM is material provided by a client that will be incorporated into a finished product, which is then despatched back to the same client. The core questions are whether GST is applicable to this FIM and if its value should be included in the billing to the client.