Valuation adjustments prescribed either in the CGST Rules or in any Rate Notification will not affect ITC because ITC adjustment is only possible under section 17(2).
(ICAI FAQ PUBLICATIONS 06-09-2017 EXEMPTIONS: FAQ NO. 19)
ॐ असतो मा सद्गमय
Valuation adjustments prescribed either in the CGST Rules or in any Rate Notification will not affect ITC because ITC adjustment is only possible under section 17(2).
(ICAI FAQ PUBLICATIONS 06-09-2017 EXEMPTIONS: FAQ NO. 19)