https://www.taxtmi.com/article/detailed?id=8901 Valuation of supplies between registrations of the same entity in different States (distinct persons) is governed by section 15 and Rule 28, which prioritize open market value where available, then value of like goods, then rules 30/31. Two provisos allow alternatives: a 90% of downstream sale price option for goods supplied for further supply as such, and a deeming provision treating invoice value as open market value when the recipient is eligible for full input tax credit. Administrative rulings reflect differing interpretations of whether the provisos operate independently or subordinate to the primary Rule 28 sequence. en-us Fri, 10 Jan 2020 07:09:47 +0530 Fri, 10 Jan 2020 07:09:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8901 Valuation of supplies between registrations of the same entity in different States (distinct persons) is governed by section 15 and Rule 28, which prioritize open market value where available, then value of like goods, then rules 30/31. Two provisos allow alternatives: a 90% of downstream sale price option for goods supplied for further supply as such, and a deeming provision treating invoice value as open market value when the recipient is eligible for full input tax credit. Administrative rulings reflect differing interpretations of whether the provisos operate independently or subordinate to the primary Rule 28 sequence. Articles Goods and Services Tax - GST Fri, 10 Jan 2020 07:09:47 +0530 https://www.taxtmi.com/article/detailed?id=8901