Impact of eligibility of input tax credit on value of supply
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 ..
We need to apply rule 28. GST valuation rules are not relevant for CA Inter. In general, the value shall be open market value
Ok sir .