supply to related party

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..... supply to related party
Query (Issue) Started By: - Kaustubh Karandikar Dated:- 3-3-2020 Last Reply Date:- 6-3-2020 Goods and Services Tax - GST
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GST
XYZ is manufacturing and s .....

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..... upplying 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 recipi .....

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..... ent 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 moul .....

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..... ds, the amount whatever declared can be taken as taxable value.
Discussion Forum - Knowledge Sharing .....

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