Circulation of clarification on valuation of supply of import of services by a related person where recipient is eligible to full input tax credit.

Circulation of clarification on valuation of supply of import of services by a related person where recipient is eligible to full input tax credit. https://www.taxtmi.com/circulars?id=69316 Clarification explains valuation of imported services supplied by related persons where the recipient is eligible to full input tax credit, affirming that valuation must follow existing GST valuation principles, including consideration of related party adjustments, markup and arm's length assessment as applicable. The State Tax Commissioner has circulated the Department of Revenue circular to subordinate officers and trade organisations for dissemination and uniform application. en-us Fri, 05 Jul 2024 00:00:00 +0530 Tue, 10 Mar 2026 10:53:00 +0530 TaxTMI RSS Generator Circulation of clarification on valuation of supply of import of services by a related person where recipient is eligible to full input tax credit. https://www.taxtmi.com/circulars?id=69316 Clarification explains valuation of imported services supplied by related persons where the recipient is eligible to full input tax credit, affirming that valuation must follow existing GST valuation principles, including consideration of related party adjustments, markup and arm's length assessment as applicable. The State Tax Commissioner has circulated the Department of Revenue circular to subordinate officers and trade organisations for dissemination and uniform application. Circulars GST - States Fri, 05 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69316