https://www.taxtmi.com/article/detailed?id=8491 The AAR allowed inter-unit transfers to be valued under the second proviso to Rule 28 where the recipient is eligible for full input tax credit, meaning the recipient may claim credit of tax actually charged in the supplier's invoice; however the AAAR clarified that for supplies between distinct or related persons the invoice value is deemed open market value and if the supplier declares zero value in the tax invoice or debit note, no input tax credit is available to the recipient. en-us Tue, 07 May 2019 05:52:44 +0530 Tue, 07 May 2019 05:52:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8491 The AAR allowed inter-unit transfers to be valued under the second proviso to Rule 28 where the recipient is eligible for full input tax credit, meaning the recipient may claim credit of tax actually charged in the supplier's invoice; however the AAAR clarified that for supplies between distinct or related persons the invoice value is deemed open market value and if the supplier declares zero value in the tax invoice or debit note, no input tax credit is available to the recipient. Articles Goods and Services Tax - GST Tue, 07 May 2019 05:52:44 +0530 https://www.taxtmi.com/article/detailed?id=8491