Transaction Value Applies for Unrelated Supplies, Invoice Value for Related Parties: AP AAR

In re Sri Lakshmi Ganesh Cement And Iron General Stores (GST AAR Andhra Pradesh) M/s Sri Lakshmi Ganesh Cement And Iron General Stores, a registered person operating in Chagallu, Andhra Pradesh, filed an application for an Advance Ruling under the Central Goods and Services Tax Act, 2017, and the Andhra Pradesh Goods and Services Tax Act, 2017. The applicant sought clarification on the Value of Supply for trading cement and iron and the taxability of transportation services provided by road. Applicant’s Business Verticals and Queries The applicant operates two business verticals: 1. Trad...