Maintenance Services

  • 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

 

By | 2017-04-06T10:48:50+00:00 November 5th, 2016|GST Wise Implications|

2 Comments

  1. NIRAJ KUMAR April 11, 2017 at 6:07 pm - Reply

    WHAT IS THE HSN CODE UNDER GST OF MAINTENANCE OR REPAIR SERVICE

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