Tag: Zero

#GSTCase-60- In a supply between related parties, ITC is not available to recipient of goods/service if value declared by supplier in invoice/debit note is zero. (Second Proviso to Rule 28)

#GSTCase-60- In a supply between related parties, ITC is not available to recipient of goods/service if value declared by supplier in invoice/debit note is zero. (Second Proviso to Rule 28)   AAAR Ruling:- Assistant Commissioner, CGST & CX 97 taxmann.com 636 (AAAR-WEST BENGAL) AAR Ruling reviewed: GKB Lens (P.) Ltd., In re 93 taxmann.com 477/68 GST 314 (AAR-West Bengal) -Department has preferred an ...

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