supply to related party

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....upply to related party<br> Query (Issue) Started By: - Kaustubh Karandikar Dated:- 3-3-2020 Last Reply Date:- 6-3-2020 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>XYZ is manufacturing and su....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....pplying moulds exclusively to related party. What should be the basis for valuation for this transaction? Reply By CAVenkataprasad Pasupuleti: The Reply: Open market value as per rule 28. If recipie....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nt is fully eligible, the declared value in the invoice would be deemed as open market value. Therefore, if the recipient unit is eligible for ITC and not making any exempted supplies using such mould....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s, the amount whatever declared can be taken as taxable value.<br> Discussion Forum - Knowledge Sharing ....