Navy battery supplier must include value of free silver from old batteries.

The AAR determined that the value of silver provided free of charge by Naval formations in the form of old batteries must be included in the taxable value for GST purposes on batteries manufactured and supplied to the Naval formations. Section 15(1) of the CGST Act, 2017, regarding transaction value, does not apply. The supply of old batteries by Naval formations incurs GST liability under Section 9(3) of the CGST Act or Section 5(3) of the IGST Act. The circular and advance rulings cited by the applicant were deemed inapplicable. .....

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