Movement of Capital goods between distinct person not supply

Movement of Capital goods between distinct person not supply https://www.taxtmi.com/article/detailed?id=11715 Leasing of equipment between separately registered branches is a supply because branches are distinct persons; movement of goods by a lessee branch to another branch is not itself a supply. For valuation, where the recipient branch is eligible for full input tax credit, the invoice value declared between the related branches is to be treated as the value of the supply under the second proviso to Rule 28 of the CGST Rules. en-us Thu, 10 Aug 2023 10:28:52 +0530 Thu, 10 Aug 2023 10:28:52 +0530 TaxTMI RSS Generator Movement of Capital goods between distinct person not supply https://www.taxtmi.com/article/detailed?id=11715 Leasing of equipment between separately registered branches is a supply because branches are distinct persons; movement of goods by a lessee branch to another branch is not itself a supply. For valuation, where the recipient branch is eligible for full input tax credit, the invoice value declared between the related branches is to be treated as the value of the supply under the second proviso to Rule 28 of the CGST Rules. Articles Goods and Services Tax - GST Thu, 10 Aug 2023 10:28:52 +0530 https://www.taxtmi.com/article/detailed?id=11715