Under same pan No. We have multiple GST registration No. in different state of India.
we have sold Goods under Maharashtra GSTN No. to our branch
Tamilnadu GSTN No. Value Rs.150000/- on 20/3/22.
On 22/03/22 same goods & same quantity we sold in Tamilnadu other
party ( not related) valu Rs.200000/-
My question is -
Is distnct party valuation question
arises .Bcoz there is difference of Rs. 50000/- in value ( same qty.same goods)
Is there any contravention of Gst law.
Please guide us elborately; with relevant Gst section.
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Valution of transaction
Replies (2)
No, the question will arise here.
In the case of distinct parties, whatever valuation you take will be accepted because the recipient party will take that much GST credit only when making the further supply of goods.
As per Rule 28, If distinct party is eligible to take Input tax credit, the value declared in the invoice shall be deemed to be the open market value of the goods or services. There is no contravention of law.
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