replacement of spare parts

SUBHASH SHARMA (Querist) 09 January 2010 This query is : Resolved
IN CASE OF REPLACEMENT OF ANY SPARE PARTS AGAINST THE SALE WHICH HAVE ALREADY BEEN MADE AND TAX ALSO BEEN PAID ON THAT.

IN CASE OF ANY SPARE PARTS IS REPLACED ( UNDER WARRANTY) WHICH IS AGST THE SAME SALE.

IS REPLACEMENT OF SPARE PARTS IS TAXABLE.

WHAT TREATEMENT WILL BE DONE OF OLD PARTS WHICH MAY ALSO CARRY SOME COST.

THANKS/REGARDS

SUBHASH SHARMA
ADVOCATE
M-9891338895

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soumitra basu (Expert) 09 January 2010
Since Replacement is made free and against warranty it will not attract VAT. If you replace the parts in place of old the cost of old parts which are usuable subject to some repair then that old parts may be treated as purchase of parts otherwise the expenses for old parts should be treated as selling expenses.

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replacement of spare parts

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