GST on warranty & free service coupons
CA Sushant Joshi (Service) (26 Points)
14 May 2017CA Sushant Joshi (Service) (26 Points)
14 May 2017
PARAS CHHAJED
(CA Practice )
(942 Points)
Replied 16 December 2019
Free Service Coupon vouchers:
These coupons will be issued at the time of sale of the vehicle. As per the time of supply rule, GST on such coupons needs to be paid immediately on the date of issue of such vouchers. As per the policy of some manufacturers, the amounts in respect of such coupons will be redeemed to the dealers only once the customer brings the vehicle for repair to the workshop. Therefore, dealers would have to pay tax on such coupons immediately on its issue but the said taxes can be collected from the automobile manufacturers only when the vehicle comes for the repair leading to unnecessary blocking of funds in taxes.
source: https://www.alankitgst.com/pdf/Automobile.pdf
Smriti Anupam
(8 Points)
Replied 11 March 2021
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(4 Points)
Replied 29 April 2021
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smriti Anupam
(2 Points)
Replied 03 August 2021
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