Warranty replacement holds significant importance as it assures consumers of product reliability and protection, thereby fostering brand trust, enhancing loyalty and demonstrating a commitment to quality. Despite evident benefits, different OEMs have different mechanism to offer warranty services depending upon business needs. With the diverse business practices, GST impact surrounding such transactions also differ. Recently, CBIC came up with a Circular to clarify various issues surrounding warranty transactions. Vide this Article, our Partner Mr. Deepak Suneja, Managing Associate Mr. Rohit Kumar and Associate Mr. Rishabh Galhotra, shall analyze GST implications arising in warranty transactions and shall shed light on clarifications provided by the Circular. An attempt has been made to deal with open issues which could not be contemplated in Circular and remain open for OEMs to decipher

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NITYA l Beyond the Circular l Warranty transactions clarified but critical nuts and bolts missing