Eye Share : Amortization of tool cost in GST regime - To Do or Not to do

While the dust around the issue of amortization of tooling cost in the valuation of manufactured goods had been settled under the erstwhile Central Excise regime, with the advent of GST, the age old vexed question of whether value of free of cost (FOC) tools supplied is required to be included or not for the purpose of payment of GST, has resurfaced in full force.Mr. V. Muthuraman and Ms. Ranjani Sivaraman (Principal Associates, Lakshmikumaran & Sridharan A...