https://www.taxtmi.com/article/detailed?id=7726 The Valuation Rules under GST adopt a market value approach for related party supplies mirroring the arm's length principle from transfer pricing; existing divergence between customs' transaction centric valuation and Income tax's functional best method analysis causes inconsistent pricing for the same transaction. The article recommends that GST Valuation Rules align with transfer pricing methodology and that authorities coordinate-including using transfer pricing specialists-to determine a single consistent arm's length price, enhancing ease of doing business and tax certainty for multinationals. en-us Sat, 18 Nov 2017 11:35:00 +0530 Sat, 18 Nov 2017 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7726 The Valuation Rules under GST adopt a market value approach for related party supplies mirroring the arm's length principle from transfer pricing; existing divergence between customs' transaction centric valuation and Income tax's functional best method analysis causes inconsistent pricing for the same transaction. The article recommends that GST Valuation Rules align with transfer pricing methodology and that authorities coordinate-including using transfer pricing specialists-to determine a single consistent arm's length price, enhancing ease of doing business and tax certainty for multinationals. Articles Goods and Services Tax - GST Sat, 18 Nov 2017 11:35:00 +0530 https://www.taxtmi.com/article/detailed?id=7726