Cross Charge or Import of Services - When you can adopt NIL Valuation of Supply of Goods or Services

Cross Charge or Import of Services - When you can adopt NIL Valuation of Supply of Goods or Services || CA Bimal Jain
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📢 CBIC issued clarification on valuation of supply of import of services by a related person where recipient is eligible to full input tax credit [Circular No.210/4/2024-GST]
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[@ashokktekuru4640]

Thank you sir ji

[@ARVINDGUPTA-uf9hr]

Very good information sir

[@poornimamadhava]

Why can't the same concept (nil value) be followed even for domestic RCM-transactions where recipient/buyer is eligible for full ITC because even this is revenue neutral?

[@reenabansal1836]

Thank you sir for analysing the circular. Just wanted to know your view on valuation in case of import of services from related party with consideration?

[@cabimaljain]

Same as paid provided recipient is eligible for full ITC

[@reenabansal1836]

Ok sir. Thank you