Where full ITC is attributable to Branch office, cross charge value shall be deemed as open market value.
Where full ITC is not available, cost of employee salary is not mandatorily required to be included while computing the taxable value of supply of such services.
Hey, it's Vanshika Gupta, a CA Finalist, who has graduated from Dr. Bhim Rao Ambedkar College, University of Delhi(DU). Working as an Associate II at Nucleus Advisors, I am passionate about indirect taxation and have experience in it. You can reach me at Vanshika.firstname.lastname@example.org