https://www.taxtmi.com/circulars?id=67164 For services between distinct persons, HO may either distribute ITC through the ISD mechanism (requiring ISD registration) or issue tax invoices under section 31 so BOs can avail ITC; ISD distribution is allowed only if services are attributable to or actually provided to BOs. Invoice value for internally generated supplies is governed by rule 28 read with section 15(4): if the recipient BO is eligible for full ITC, the invoice value is deemed open market value irrespective of included cost components, and HO need not include employee salary costs in taxable value where recipient is not eligible for full ITC. en-us Mon, 24 Jul 2023 00:00:00 +0530 Wed, 07 Feb 2024 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67164 For services between distinct persons, HO may either distribute ITC through the ISD mechanism (requiring ISD registration) or issue tax invoices under section 31 so BOs can avail ITC; ISD distribution is allowed only if services are attributable to or actually provided to BOs. Invoice value for internally generated supplies is governed by rule 28 read with section 15(4): if the recipient BO is eligible for full ITC, the invoice value is deemed open market value irrespective of included cost components, and HO need not include employee salary costs in taxable value where recipient is not eligible for full ITC. Circulars GST - States Mon, 24 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67164