Eye Share : Input Tax Credit Of AMCs - A Disguised Pain Under GST

In today’s competitive era, quality is a prime factor. Annual Maintenance Contracts (‘AMCs’) come in handy after a product’s warranty period expires; they usually ensure that critical parts are repaired or replaced without any additional charge.In his article, Mr. Kamal Gupta (Chartered Accountant) deals with the disguised pain under GST in respect of availing and utilizing input tax credit of such contracts, which are generally entered into on long-term basis and pay...