Amortized cost of tools cannot be added to arrive at value of goods supplied for GST

In re M/s. Nash Industries (I) Pvt. Ltd (GST AAAR Karnataka)

The appallate authority for advance ruling has set aside the rulings passed under section 98(4) of the CGST Act 2017 vide NO. KAR ADRG 24/2018 dated 25/10/2018 i.e. Contention of the appellant is allowed based on examination of the contract and purchase orders furnished.

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