https://www.taxtmi.com/forum/issue?id=117429 Transfer between units treated as deemed distinct persons attracts GST on the adopted transfer value; Rule 28 may be used to determine market/transaction value. The transferring unit pays GST, and the receiving unit can avail that GST as input tax credit and use it when selling to an unrelated third party. For income tax, if the receiving unit avails ITC for the tax component, that tax cannot be included in the depreciable base; claiming depreciation on it requires reversal of the credit with interest. en-us Wed, 18 Aug 2021 13:52:50 +0530 Thu, 23 Jan 2025 15:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117429 Transfer between units treated as deemed distinct persons attracts GST on the adopted transfer value; Rule 28 may be used to determine market/transaction value. The transferring unit pays GST, and the receiving unit can avail that GST as input tax credit and use it when selling to an unrelated third party. For income tax, if the receiving unit avails ITC for the tax component, that tax cannot be included in the depreciable base; claiming depreciation on it requires reversal of the credit with interest. Discussion-Forum GST Wed, 18 Aug 2021 13:52:50 +0530 https://www.taxtmi.com/forum/issue?id=117429