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