UltraTech Cement Ltd., In re
Date: June 27, 2018
Subject Matter
The quantum of trade discount has to be mentioned in the pre-supply agreements to attract deduction from transaction value
Summary
M/s Ultratech Cement Ltd. is registered under the GST Act and is engaged in the manufacture and supply of cement and allied products The applicant enters into an agreement with the authorised dealers/stockists for supply of goods on a principal-to-pr…
1. The present application has been filed under section 97 of the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017 [hereinafter referred to as "the CGST Act and MGST Act"] by M/s. Ultratech Cement Limited, the applicant, seeking an advance ruling in respect of the following question : Whether the amount paid to dealer towards "rate differ…