Valuation of sale made between related persons

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....aluation of sale made between related persons<br> Query (Issue) Started By: - Rajesh Kumar Dated:- 20-9-2022 Last Reply Date:- 25-9-2022 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Dear Ex....

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....perts, As per GST provisions, if ITC is available to recipients , any transaction value is considerable even between related persons. Please enlight, is there any GST evasion if firm A ( Husband pro....

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....prietor) issued invoices to firm B ( wife proprietor) when firm B feels lack of ITC or vice versa? Both the firms are registered at same address. Is transactions between A& B are dubious in nature? ....

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.... Reply By Ganeshan Kalyani: The Reply: If the transaction is genuine then input tax credit is eligible subject to condition under Sec.16 and Sec. 17. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: ....

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....It can be decided only the nature of transactions between the parties are indicated. Reply By Shilpi Jain: The Reply: Invoice to be issued between A and b only when there is any supply. Without supp....

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....ly issue of invoice will not be correct in law. Also refer Orissa High court decision in the case of JSW<br> Discussion Forum - Knowledge Sharing ....