Subject
Clarification on valuation of supply of import of services by a related person where recipient is eligible to full input tax credit
Content
As per S.No. 4 of Schedule I of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the ‘CGST Act’), import of services by a person from a related person or from any of his other establishments outside India, in the course or furtherance of business,is to be treated as supply even if made without consideration. 2. Representations have been received from trade and i…