For captive consumption by related party what should be the invoice price?
1.Cost of production (COP) or
2.Assesable value.(110% of COP)
Thanks in advance.
Menu
Excise related party
Replies (1)
Assessee may sale the goods to related person. The related person may not sale them further but may use in capitve consumption. In such cases valuation will be done on basis of cost of production plus 10%, as per rule 8.
Recent Topics :
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
Related Topics :
CAclubindia
