Clarification on ITC for Warranty Replacement and Repair Services: CBIC Circular 195/07/2023-GST

CIRCULAR NO. 195/07/2023-GST [F.NO. CBIC-20001/5/2023-GST]CLARIFICATION ON AVAILABILITY OF ITC IN RESPECT OF WARRANTY REPLACEMENT OF PARTS AND REPAIR SERVICES DURING WARRANTY PERIODCIRCULAR NO. 195/07/2023-GST [F.NO. CBIC-20001/5/2023-GST], DATED 17-7-2023 AS AMENDED BY CIRCULAR NO. 216/10/2024-GST [F.NO. CBIC-20001/4/2024-GST], DATED 26-6-2024Representations have been received from trade and industry that as a common trade practice, the original equipment manufacturers /suppliers offer warranty for the goods / services supplied by them. During the warranty period, replacement goods /services are supplied to customers free of charge and as such...

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