TMI Blogsupply to related partyX X X X Extracts X X X X X X X X Extracts X X X X ..... XYZ is manufacturing and supplying moulds exclusively to related party. What should be the basis for valuation for this transaction? - Reply By CAVenkataprasad Pasupuleti - The Reply = Open market v ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... alue as per rule 28 . If recipient 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 e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xempted supplies using such moulds, the amount whatever declared can be taken as taxable value. - supply to related party - Query Started By: - Kaustubh Karandikar Dated:- 3-3-2020 Goods and Servic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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