New Circular Simplifies Valuation of Imported Services from Related Persons for Full Input Tax Credit in India.
Circulars
GST
The circular addresses the valuation of imported services from a related person when the recipient is eligible for full input tax credit. It clarifies that where no consideration is involved, and the activities are not considered supplies by the related person in India, the value declared in the invoice by the recipient may be deemed the open market value. The ci
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