Value of Free Silver Includible in Battery Taxable Value for GST: AAAR Tamilnadu

In re High Energy Batteries (India) Limited (GST AAAR Tamilnadu) Chennai, Tamil Nadu – The Appellate Authority for Advance Ruling (AAAR), Tamil Nadu, has upheld a previous ruling stating that the value of silver supplied free of cost by Naval formations to M/s. High Energy Batteries (India) Limited must be included in the taxable value of the batteries manufactured and supplied back to the Naval formations for the purpose of Goods and Services Tax (GST). The decision, stemming from an appeal against an Advance Ruling (AAR) order, clarifies the interpretation of ‘consideration’...