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TMI BlogInterstate branch transfer valuationX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir Head office in Mumbai Pan No is same for HO Branches with different GST Nos. Branches in 5 states. Trading company importing inks from Europe in Mumbai and stock transfer to branches.Customs duty is paid, fright charges paid, insurance paid, landed cost is arrived at say ₹ 100. it is final product that us imported. No further processing is involved either Ho or at branches. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The selling price in Ho to its customers and in Branches to customers vary. Say ₹ 200 or 250 or 300. At what price, stock transfers should be done. Is it ₹ 100 or with 10% addition ₹ 110. Or 90% of the sake price say ₹ 180 Which rule is applicable for our organisation rule 28 or 30 ? Thanks Regards ravi kiran 8754466964 - Reply By KASTURI SETHI - Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Reply = Rule 28 (1)(a) of CGST Rules safe. You will resort to Rule 30 only if value cannot be determined under Rule 28 . Keeping in view of both provisos of Rule 28 , value to be charged should not be less than similar goods. In other words, open market value should be preferred. No question of 110% under Rule 30 when similar goods (kind and quality) are available in the market. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Focus on following the valuation not less than market price. - Reply By Ganeshan Kalyani - The Reply = Also see the rule which provides that if the recipient is able to take Input Tax Credit then any value is considered as correct. - Reply By Shilpi Jain - The Reply = 2nd proviso to rule 28 provides for this. However many assesses are not very comfortable to use this since they fear depa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rtment intervention. So if credit is eligible to the recipient unit in full, any value can be charged, else use open market value 200 or 250 or 300 - similar transaction's value - Reply By KASTURI SETHI - The Reply = I agree with Sh.Ganeshan Kalyani Ji and Madam Shilpi Jain. - Reply By Ganeshan Kalyani - The Reply = Thank you Sri Kasturi Sir. - Interstate branch transfer valuation - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Query Started By: - ravi kiran Dated:- 10-12-2021 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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