2018 (9) TMI 1338 – AUTHORITY FOR ADVANCE RULING, TAMILNADU – TMI – Application for withdrawal of Advance Ruling application – Valuation – includibility – Whether amortization of value of free tools/ dies received form customer to be included for valuation of goods or not? – If the GST is applicable on the amortized value, what is the procedure for calculating the GST and reflecting the same in GST invoice format? – How to declare the transactions in GSTR-1 & GSTR -3 and GSTR-3B.
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Held that:- As the query is clarified by CBIC, they requested that the application be treated as withdrawn.
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The application filed by the Applicant for advance ruling is dismissed as withdrawn. – TN/05/AAR/2018 Dated:- 30-8-2018 – MS. MANASA GANGOTRI K
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rvice Tax Act. M/s. Amalgamations Valeo Clutch Private Limited, B9, SIPCOT Industrial Park, Oragadam, Vaippur A Block Village, Sriperumbadur TaIuk, Kancheepuram District, Tamil Nadu-602105 (hereinafter referred as the Applicant) is engaged in the production and supply of automobile parts, predominantly to Original Equipment Manufacturers as per the design and specifications supplied by such OEM recipients. The applicant has submitted the copy of application in Form GST ARA – 01 and also submitted a copy of Challan evidencing payment of application fees of ₹ 5,000/-each under sub-rule (1) of Rule 104 of CGST rules 2017 and SGST Rules 2017.They are registered under GST vide Registration No. 33AAACA9038P1ZE. They have preferred an applic
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the tool and added to the value of finished goods for calculation of Central Excise duties in terms of explanation 1 below the Rule 6 of Central Excise Valuation, Rules 2000.1n the absence of similar provisions under the GST regimen, the applicant has sought advance ruling for seeking clarity on the applicability or non-applicability of amortizations provisions under GST regulations. 3. The Authorised Representative of the Applicant was heard in the matter on 29.05.2018. They stated that they will submit copies of contracts with clients and invoices, documents/ given by clients and procured by third party- Copies for all scenarios will be submitted in 10 days. The representative further presented their submissions. The applicant did not fur
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