Gujarat HC: Officials Commuting to Court on Two-Wheelers Required to Wear Helmets  ||  Madras HC: To Invoke PMLA, Mere Possession of Proceeds of Crime Sufficient  ||  Madras HC: To Invoke PMLA, Mere Possession of Proceeds of Crime Sufficient  ||  Bom. HC: Sai Baba Sansthan Trust Eligible for Exemption on Income Tax for Anonymous Donations  ||  Delhi HC: Counting of Votes for DUSU Elections to be Allowed Once Defacement Cleaned Up  ||  Ori. HC: Fact-Finding Inquiry Makes it Permissible to Not Give Opportunity of Hearing to Employee  ||  Gauhati High Court Issues Guidelines for Acceptance of Final Report Form by Courts  ||  MP HC: Can’t Subject Transfer Order to Judicial Review Unless Found to be Influenced by Malafide  ||  MP HC: Discretion of Appointing Authority to Appoint a Person Involved in Offence of Moral Turpitude  ||  Gau. HC Issues Guidelines Regarding Release of Seized Money in Cyber Frauds or Crimes    

AAR, Tamil Nadu: Applicant Can Adopt Methods to Arrive at Value of Supply to Distinct Persons - (20 Jan 2021)

GOODS AND SERVICES TAX

Authority of Advance Ruling (AAR), Tamil Nadu has ruled that the applicant can adopt one of three methods to arrive at the value in respect of supply to distinct persons. Firstly, on the basis of open Market Value. Secondly, 90% of the ultimate sale value raised by the distinct persons to the un-related ultimate customers based on the Purchase Orders. Lastly, the distinct persons being eligible for full ITC, the ‘Invoice value’ is the deemed ‘Open Market Value’.

Tags : AUTHORITY OF ADVANCE RULING   VALUE OF SUPPLY TO DISTINCT PERSONS  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved