https://www.taxtmi.com/forum/issue?id=118676 Payments to a proprietor firm owned by a company director for repair and service work are supplies between distinct taxable persons; reverse charge does not apply where services are supplied by the proprietor entity and not by the individual in his capacity as director. For related parties, transaction value should reflect open market value unless the supplier has full input tax credit, in which case the invoiced value is the transaction value. A circular on director remuneration does not alter this position for inter entity supplies. en-us Thu, 03 Aug 2023 16:46:40 +0530 Thu, 23 Jan 2025 14:23:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118676 Payments to a proprietor firm owned by a company director for repair and service work are supplies between distinct taxable persons; reverse charge does not apply where services are supplied by the proprietor entity and not by the individual in his capacity as director. For related parties, transaction value should reflect open market value unless the supplier has full input tax credit, in which case the invoiced value is the transaction value. A circular on director remuneration does not alter this position for inter entity supplies. Discussion-Forum GST Thu, 03 Aug 2023 16:46:40 +0530 https://www.taxtmi.com/forum/issue?id=118676