Free Silver Supply by Naval Formations Counts as Non-Monetary Consideration Under CGST Act Sections 15(2)(b) and 15(4)
Case-Laws
GST
AAAR determined that free silver supplied by Naval Formations as used batteries constitutes non-monetary additional consideration for battery supply. The taxable value must include the value of free silver under Section 15(2)(b) and Section 15(4) of CGST Act. The free material has direct economic nexus with the underlying supply and represents a substantia
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