Maintenance Services

November 5, 2016   admin  GST Wise Implications
MAINTENANCE SERVICES
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  • Impact on Registrations

  • Separate registrations in each state.
  • ISD registration in case of common input services.
  • TDS deduction by customer may impact decision of registration.

  • Impact on Cash Flow

  • Advances made taxable
  • Vendor / Customer discounts to be examined for tax impacts
  • Impact on tax in case of provisioning by customers

  • Input Tax Credit

  • Input of Credit on consumables may reduce operational costs
  • Credit of State GST restricted in certain cases

 

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