Judicial Corner : Detention of Goods on valuation and identification of owner in case goods are accompanied invoice movement in with the movement (05.06.2024)

GST:

Detention of Goods on valuation and identification of owner in case goods are accompanied invoice movement in with the movement

The High Court held that value of the supply of goods is clear from the transaction value as indicated in the tax invoice which is on record and there being nothing on record to demonstrate that the said tax invoice was not acceptable to the respondents for any reason, therefore in view of Explanation 2, Rule 138 read with Section 15(1), the transaction value was the value which is indicated in the invoice.

 

S.K. Trading Co. V. Additional Commissioner Grade 2 (Appeal) [2023] 150 taxmann.com 102 (Allahabad)

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