GST Liability Arises Due to Non-Monetary Perquisites Because TDS Is Deducted

In re TVL. Karthik & Co (GST AAR Tamilnadu) The applicant, a registered GST dealer engaged in wholesale and retail trading of paints and related products, sought an advance ruling on three issues: whether tax invoices raised for non-monetary benefits or perquisites received from manufacturers are valid under the GST Act; whether the value on which TDS is deducted under Section 194R of the Income Tax Act should be treated as “supply”; and whether such a transaction qualifies as supply under any notification or section of the GST law. The applicant receives non-monetary benefits such as ...