https://www.taxtmi.com/article/detailed?id=8026 Whether materials provided free by a customer constitute consideration for GST valuation hinges on whether the supplier benefits or contracts to procure those materials. If the supplier neither retains nor amortises the free inputs and did not incur their cost, those supplies do not constitute consideration and need not be included in the supplier's taxable value. Conversely, where the contract contemplated the supplier bearing the cost or amortising inputs but the customer supplied them instead, the amortised cost may be includible and attract tax and potential input tax credit reversal. en-us Tue, 12 Jun 2018 12:21:09 +0530 Tue, 12 Jun 2018 12:21:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8026 Whether materials provided free by a customer constitute consideration for GST valuation hinges on whether the supplier benefits or contracts to procure those materials. If the supplier neither retains nor amortises the free inputs and did not incur their cost, those supplies do not constitute consideration and need not be included in the supplier's taxable value. Conversely, where the contract contemplated the supplier bearing the cost or amortising inputs but the customer supplied them instead, the amortised cost may be includible and attract tax and potential input tax credit reversal. Articles Goods and Services Tax - GST Tue, 12 Jun 2018 12:21:09 +0530 https://www.taxtmi.com/article/detailed?id=8026