Gst applicable to tooling cost
This query is : Resolved
04 March 2019
Dear Sir,
We Have received (Pune based Co.) Purchase Order for Development cost (TOOLING COST) & advance received for Rs.800000.00 (Rs.260000 on Aug 2018 & Rs.540000 on March 2019).
Please reply what is the GST rate to raise the supply Invoice (IGST Invoice OR is it applicable CGST+SGST). Our company is located at Shivamogga, Karnataka.
We Have received (Pune based Co.) Purchase Order for Development cost (TOOLING COST) & advance received for Rs.800000.00 (Rs.260000 on Aug 2018 & Rs.540000 on March 2019).
Please reply what is the GST rate to raise the supply Invoice (IGST Invoice OR is it applicable CGST+SGST). Our company is located at Shivamogga, Karnataka.
04 March 2019
Since it is inter-state supply, IGST will be applicable.
04 March 2019
Please clarify, there is no material movement involved & The Development tool is not sending to the customer.
05 March 2019
If there is no movement of goods and the goods are delivered at the place where the supplier is situated, then CGST & SGST will be applicable.
06 March 2019
Thanks Sir, Noted (CGST & SGST will be applicable).
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