How a recent CBIC clarification makes life easy for businesses

Taxability of moulds and dies Issue  There was a general apprehension in the automobile sector (in specific) on the GST implications of moulds and dies transferred free of cost by a vehicle manufacturer (OEM) to an auto component manufacturer. To recap, under the erstwhile excise law, there was an explicit requirement of adding the amortized value of such moulds and dies, jigs and f…