Toolcomp Systems Private Limited ., In re
Date: July 16, 2019
Subject Matter
Moulds and dies owned by OEM that are provided to a component manufacturer on FOC basis do not constitute a supply as there is no consideration
Summary
Q) Clarification regarding applicability of Tool Amortisation cost (Transaction Value) in GST Regime on Capital Goods received freely on returnable basis from the recipient…
1, M/s. Toolcomp Systems Private Limited, #14-B, KIADB Industrial Area, 2/nd Phase, Kumbalagodu, Kengeri Hobli, Bangalore – 560 074, is a registered private limited company bearing OSTIN number 29AACCT2521L1Z8, filed an application for Advance Ruling under Section 97 of COST Act, 2017, KGST Act, 2017 read with Rule 104 of COST Rules, 2017 & KGST Rules, 2017, in form GST ARA-01 dischargin…