TMI Blog2019 (4) TMI 111X X X X Extracts X X X X X X X X Extracts X X X X ..... and total amount with 100% discount and pay the GST liability to Government In such scenario, input tax credit can be availed only if, the output tax liability towards the outward supply was remitted to the Government. The applicant instructed its distributors to provide the goods at free of cost to Kerala State Electricity Board for flood renovation work- The distributors billed the goods to Kerala State Electricity Board and paid GST to Government. In the invoice so issued, the distributor had valued the goods for the purpose of tax and value was shown as discount. 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uested from the distributors of the applicant to supply electrical goods for the restoration of power supply at flood ridden areas. These materials are supplied by the distributors at free of cost being CSR Activity for reinstating connectivity in flood ridden areas. In addition to this supply to Kerala State Electricity Board, the applicant has distributed electrical items like, switches, fan, cables etc. to flood affected people under CSR expenses on free basis without collecting any money. The distributors raised bills to M/s. PoIycab Wires Private Limited, in relation to the materials supplied free of cost to Kerala State Electricity Board. The distributors issued tax invoices to Kerala State Electricity Board showing sale value, GST ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ability towards the outward supply was remitted to the Government. The applicant instructed its distributors to provide the goods at free of cost to Kerala State Electricity Board for flood renovation work- The distributors billed the goods to Kerala State Electricity Board and paid GST to Government. In the invoice so issued, the distributor had valued the goods for the purpose of tax and value was shown as discount. 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 the open market value is not available, be the sum total of consideration in money and any such further amount in money as is equivalent to the c ..... X X X X Extracts X X X X X X X X Extracts X X X X
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