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GST - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Liability of GST - supply on discounted price - As per Rule 27 ...

Case Laws     GST

April 2, 2019

Liability of GST - supply on discounted price - As per Rule 27 of GST Rules where the supply of goods or services is for a consideration not wholly in money, the value of the supply shall be the open market value of such goods - if electrical items like, switches, fan, cables etc. are supplied as CSR expenses on free basis without collecting any money then input tax credit will not be available u/s 17(5)(h) of the KSGST and CGST Act

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