https://www.taxtmi.com/article/detailed?id=12991 An ad interim stay was ordered on adjudication of IGST demand on salaries and reimbursements in secondment arrangements, noting that a departmental Circular permits the value declared by a related domestic entity-where full input tax credit is available-to be treated as open market value under the second proviso to Rule 28(1); where no invoice is issued by the domestic entity the value may be deemed nil and still treated as open market value. The petitioner was relegated to file a reply to the show cause notice and authorities were directed to consider the Circular when adjudicating, with attention to factual and contractual differences and to the requirement of material before invoking extended limitation. en-us Sat, 05 Oct 2024 12:23:05 +0530 Sat, 05 Oct 2024 12:23:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12991 An ad interim stay was ordered on adjudication of IGST demand on salaries and reimbursements in secondment arrangements, noting that a departmental Circular permits the value declared by a related domestic entity-where full input tax credit is available-to be treated as open market value under the second proviso to Rule 28(1); where no invoice is issued by the domestic entity the value may be deemed nil and still treated as open market value. The petitioner was relegated to file a reply to the show cause notice and authorities were directed to consider the Circular when adjudicating, with attention to factual and contractual differences and to the requirement of material before invoking extended limitation. Articles Goods and Services Tax - GST Sat, 05 Oct 2024 12:23:05 +0530 https://www.taxtmi.com/article/detailed?id=12991