Foreign companies are relieved as the Central Board of Indirect Taxes & Customs (CBIC) has issued valuation norms for supply by these companies to their offices in India, which get full Input Tax Credit (ITC). This is one of the 16 circulars issued by the board.
In this context, Our Partner Harsh Shah shares his views in the article “CBIC issues valuation norms for foreign company supplies to Indian subsidiaries” authored by Shishir Sinha from businessline.
