Case Law Details
Case Name : In re Kanahiya Realty Private Limited (GST AAR West Bengal)
Related Assessment Year :
Courts :
AAR West Bangal Advance Rulings
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In re Kanahiya Realty Private Limited (GST AAR West Bengal)
(i) Supply of goods at nominal price to retailers against purchase of specified units of hosiery goods pursuant to a promotional scheme would qualify as individual supplies taxable at the rates applicable to each of such goods as per section 9 of the GST Act.
(ii) Credit of the input tax paid on the items being sold at nominal prices would be available to the applicant.
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I think if valuation rules are apply the whole scheme will be nullified and the supplier will be reqd to pay tax on such promotional items at mafket value.But why the AAR has just discussed this point and made a part of their ruling.
promitional items at higher value.