https://www.taxtmi.com/caselaws?id=403105 The Authority ruled that the applicant can adopt any of the following three methods under Rule 28 of the CGST/TNGST Rules 2017 read with Section 15 of the CGST/TNGST Act 2017 for valuing supplies to distinct persons: a. Open Market Value as presently adopted. b. 90% of the ultimate sale value as raised by the distinct persons to unrelated ultimate customers in cases of 'as such' supplies. c. The invoice value, deemed the open market value, when the distinct persons are eligible for full ITC of taxes paid by the applicant. The applicant is permitted to adopt any one of the three methods provided under Rule 28 of the CGST/TNGST Rules 2017 to determine the value of supplies to distinct persons. en-us Fri, 18 Dec 2020 00:00:00 +0530 Fri, 30 Jul 2021 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403105 The Authority ruled that the applicant can adopt any of the following three methods under Rule 28 of the CGST/TNGST Rules 2017 read with Section 15 of the CGST/TNGST Act 2017 for valuing supplies to distinct persons: a. Open Market Value as presently adopted. b. 90% of the ultimate sale value as raised by the distinct persons to unrelated ultimate customers in cases of 'as such' supplies. c. The invoice value, deemed the open market value, when the distinct persons are eligible for full ITC of taxes paid by the applicant. The applicant is permitted to adopt any one of the three methods provided under Rule 28 of the CGST/TNGST Rules 2017 to determine the value of supplies to distinct persons. Case-Laws GST Fri, 18 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403105