GST on Annual Maintenance Contracts (AMCs)

Add Comment
1 Answer(s)

Those are providing annual maintenance contracts (AMCs) for several items, including white goods and electronic products, the Maharashtra Authority for Advance Ruling (AAR) has said that AMCs are a “composite supply” and classified them as service.

The GST law states that multiple supplies qualify as a composite supply, as only one price is being recovered and the tax rate of the “principal supply” should be applied.

Answered on March 12, 2019.
Add Comment

Your Answer

Gen GST