Nash Industries (I) Pvt Ltd ., In re
Date: October 25, 2018
Subject Matter
Amortised cost of tools which are re-supplied back to the supplier free of cost shall be added to the value of supply
Summary
The applicant sought to know whether the amortised cost of the tool to be added to arrive at the value of the goods supplied for the purpose of GST under Section 15 of the CGST Act read with rule 27 of CGST Rules. The AAR ruled that In the instant ca…
1. M/s Nash Industries (I) Pvt Ltd, (called as the ‘Applicant’ hereinafter), 236-237/2, 8th Main Road, Peenya Industrial Area, 3rd Phase, Bengaluru -560058, having GSTIN number 29AADCN9558Q1ZC, has filed an application for Advance Ruling under Section 97 of CGST Act,2017 , KGST Act, 2017 & IGST Act, 2017 read with Rule 104 of CGST Rules 2017 & KGST Rules 2017, in form GST ARA-0…