AAR : Accepts cost price for inter-state branch transfer valuation; Recipient entitled to full ITC

May 31,2018

AAR rules that supply of goods viz sunglasses, frames and lenses by HO to branches in other States can be valued in terms of second proviso to Rule 28 of CGST Rules i.e. value declared in the invoice (cost price) where recipient branch is entitled to full input tax credit thereof; Taking note of first proviso to said Rule, observes that valuation of goods supplied to recipient for further supply as such at 90% of price that will be charged by recipient to unrelated customers ...

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