AAR: Rules on valuation of inter-state stock-transfer between distinct persons, rules applicable sequentially

Tamil Nadu AAR rules on value to be adopted in respect of transfer of goods (i.e. spectacle frames, lens, sunglasses and accessories) to branches outside the State (i.e. to distinct persons); Rejects applicant’s plea that it is sufficient that they pay tax at the time of supply of goods on the value arrived at by taking into account the cost price in the tax invoice while dispatching the supplies to other States in terms of second proviso to Rule 28 of CGST Rules; Asserts t...