Shanti Prime Publication Pvt. Ltd.
Transaction value—The applicant is engaged in the manufacture and supply of cement and clinker & supplies the said goods to the authorized dealers / stockists, under the cover of tax invoice after discharging the applicable GST and the said dealers supply the same in the regional markets to the ultimate customers. At times due to dynamic market conditions the dealers sell the goods at the price lower than their cost price and in such cases the applicant pays certain amount as 'rate difference' commonly known as Trade Discount'.
The question before authority is that "Whether the amount paid to dealer towards 'rate difference' post supply can be considered for the purpose of arriving at the 'transaction value' in terms of Section 15 of the Central Goods and Service Act' 2017 ?"
Held that—Applicant requested to permit them to withdraw the application filed for advance ruling vide their letter dated 29.05.2018, even prior to personal hearing.
The application filed by the Applicant for advance ruling is dismissed as withdrawn.[AUTHORITY FOR ADVANCE RULING – KARNATAKA] 2 TAXLOK.COM 171 (AAR-Karnataka)