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Impact of eligibility of input tax credit on value of supply

Indirect Taxation

Question : A ltd(software development company) controls 25% equity capital in B Ltd(a technical consultant). A ltd develops a accounting software for B ltd for rs. 2,50,000 . A similar accounting software developed by a ltd for an unrelated person for rs. 3,80,000. B ltd is eligible for full input credit for this input supply .what is the value of taxable supply ? Kindly explain it sir . And also tell me what is the inpact of full eligibility on taxable value of supply ..

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Sutapa Das

Sutapa Das

CA Inter

1K+

26-Apr-20 09:59

451

Answers (3)

Sir please tell me the answer ð??£


Thread Starter

Sutapa Das

Sutapa Das

CA Inter

1K+

27-Apr-20 11:48

We need to apply rule 28. GST valuation rules are not relevant for CA Inter. In general, the value shall be open market value


Shiva Teja

Shiva Teja

Faculty

01-May-20 15:29

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