The concept of ‘Valuation’ under the erstwhile taxation regime has always been a highly controversial field which has been prone to extensive litigations, having significant financial implications.
The valuation provisions under GST are no different and has been subjected to diverse interpretations by various stakeholders viz. industry, consultants and the Department. Various circulars and advance rulings have also thrown open interpretation issues.
Under this backdrop, it was felt that, a comprehensive analysis and discussion of the concept of valuation under GST would be of immense value and benefit to trade and industry.
Lakshmikumaran & Sridharan is organizing a conference call, where Mr. R. Parthasarathy, Principal partner, L&S Attorneys, will dwell into challenges and issues, and will provide an overview as to how pertinent such issues may be to various players, and what aspects need to be kept in mind while practically applying the relevant legal provisions.
The following are some of the issues that shall be discussed in the conference call, with the objective to provide further lucidity to stakeholders: -
- Intra-Company transactions
- Treatment of FOC Supplies
- Treatment of Discounts
- Application of Valuation Rules
- Reimbursement of expenses