AAR : Amortized cost of tool re-supplied FOC by recipient includible for computation of value of component supply

Karnataka AAR holds that amortized cost of tools given free of cost (FOC) to the applicant shall be added to value of components while calculating value of components supplied as per Section 15 of CGST / SGST / IGST Act 2017; Notes that, first the applicant gets order for specialized components, manufactures the tools specifically required for job and invoices it to recipients who becomes owner of same and on such transaction, applicant has to collect tax as applicable; Furth...