AAAR: Allows valuation as per second proviso to Rule 28 for supply to distinct person; Modifies AAR

Tamil Nadu AAAR modifies the order of AAR while holding the appellant to be eligible to adopt the value as per Second Proviso to Rule 28 of CGST/ TNGST Rules, 2017, in respect of supply between distinct person(s); Notes appellant’s plea that when distinct person is eligible for full ITC and is going to make further supply, then, in respect of initial supply, it is not necessary to adopt only OMV and pay higher tax and block such tax amounts; Observes that the second proviso...