https://www.taxtmi.com/article/detailed?id=7697 The article identifies the need to align GST valuation rules for supplies between distinct or related persons with Income Tax transfer pricing principles. It summarizes that Rule 28 prescribes a hierarchy-open market value, like-kind value, then Rule 30 (cost-plus) or Rule 31 (residual)-with a resale-price option for onward sale and an invoice-declaration proviso where the recipient has full input tax credit. It highlights practical difficulties in comparability analysis, absence of tolerance under GST compared with transfer pricing tolerances, and evidentiary issues when transfer pricing adjustments affect GST treatment, including zero-rated supplies. en-us Tue, 07 Nov 2017 08:46:38 +0530 Tue, 07 Nov 2017 08:46:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7697 The article identifies the need to align GST valuation rules for supplies between distinct or related persons with Income Tax transfer pricing principles. It summarizes that Rule 28 prescribes a hierarchy-open market value, like-kind value, then Rule 30 (cost-plus) or Rule 31 (residual)-with a resale-price option for onward sale and an invoice-declaration proviso where the recipient has full input tax credit. It highlights practical difficulties in comparability analysis, absence of tolerance under GST compared with transfer pricing tolerances, and evidentiary issues when transfer pricing adjustments affect GST treatment, including zero-rated supplies. Articles Goods and Services Tax - GST Tue, 07 Nov 2017 08:46:38 +0530 https://www.taxtmi.com/article/detailed?id=7697