https://www.taxtmi.com/forum/issue?id=117415 Valuation for related-party supplies depends on the existence of control; absent control the parties are not related. If related, the invoice value may be accepted where the recipient is eligible to claim input tax credit, but where the recipient is not eligible the open market value must be used. Valuation must be reasonable and cannot be artificially minimal. en-us Tue, 10 Aug 2021 11:40:28 +0530 Thu, 23 Jan 2025 15:54:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117415 Valuation for related-party supplies depends on the existence of control; absent control the parties are not related. If related, the invoice value may be accepted where the recipient is eligible to claim input tax credit, but where the recipient is not eligible the open market value must be used. Valuation must be reasonable and cannot be artificially minimal. Discussion-Forum GST Tue, 10 Aug 2021 11:40:28 +0530 https://www.taxtmi.com/forum/issue?id=117415