https://www.taxtmi.com/forum/issue?id=117608 Related party characterisation under GST can prompt Rule 28 valuation adjustments where a brand owner supplies promotional goods to an exclusive third party showroom operating under brand SOPs. The department may deny ITC on promotional free supplies and demand re valuation to open market value, but contractual terms and the applicant specific nature of AARs are material to rebutting related party treatment; circulars cannot override the statute. en-us Mon, 01 Nov 2021 12:59:51 +0530 Thu, 23 Jan 2025 15:54:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117608 Related party characterisation under GST can prompt Rule 28 valuation adjustments where a brand owner supplies promotional goods to an exclusive third party showroom operating under brand SOPs. The department may deny ITC on promotional free supplies and demand re valuation to open market value, but contractual terms and the applicant specific nature of AARs are material to rebutting related party treatment; circulars cannot override the statute. Discussion-Forum GST Mon, 01 Nov 2021 12:59:51 +0530 https://www.taxtmi.com/forum/issue?id=117608