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of <h1>Haryana clarifies valuation of imported services from related foreign entities u/r 28; full ITC means invoice value is market value.</h1> The Haryana Government issued a circular clarifying the valuation of imported services from related foreign entities when the recipient in India is eligible for full input tax credit (ITC). According to Rule 28 of the Haryana Goods and Services Tax Rules, the value declared in the invoice is deemed the open market value if full ITC is available. The circular aligns the treatment of such imports with domestic transactions, emphasizing that if no invoice is issued, the value is considered Nil. The registered Indian entity must pay tax on a reverse charge basis and issue a self-invoice.
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