Finance Ministry issues Clarification w.r.t scope of “as is / as is, where is basis” mentioned in GST Circulars

The Finance Ministry issued a clarification regarding the scope of the “as is” and “as is where is” basis mentioned in GST circulars. This clarification aims to address ambiguities and provide clear guidance on the application of these terms in the context of GST. The ministry emphasized that the “as is” basis refers to the condition of goods or services at the time of supply, while the “as is where is” basis includes the location and condition of the goods or services. This clarification is intended to ensure uniform interpretation and application of GST provisions, thereby reducing disputes and enhancing compliance.