TMI BlogValuation of sale made between related personsX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Experts, 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 ( Hus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... band proprietor) 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nature? - 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 GOVIND ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ARAJAN - The Reply = 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 i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s any supply. Without supply issue of invoice will not be correct in law. Also refer Orissa High court decision in the case of JSW - Valuation of sale made between related persons - Query Started ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... By: - Rajesh Kumar Dated:- 20-9-2022 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nagementindia - taxmanagement - taxmanagementindia.com - 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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