Rule 28: Value of Supply Between Distinct or Related Persons (Other Than Through an Agent)
Author shed some light on the valuation provision u/s 28 for related party transaction
Tag: distinct person
GST on corporate guarantees to their subsidiaries in India
Holding companies that have extended corporate guarantees to their subsidiaries in India are embroiled in litigation relating to demands raised under the Goods and Services Tax Act. Government officials estimate the aggregate demand over the past three months to be…
Movement of Capital goods between distinct person not supply
The AAAR, Maharashtra, in matter of M/s Chep India Private Limited [Order No. MAH/AAAR/DS-RM/02/2023-24 dated June 05, 2023] held that the transaction between two GSTINs of same person would be considered as lease transaction and accordingly taxable as supply of…
Inter state movement of demo vehicles between distinct persons attracts GST
The Hon’ble Madhya Pradesh High Court in M/s Kia Motors India Pvt. Ltd. v. The State of Madhya Pradesh & Ors. dismissed the writ and held transporting demo vehicle from one state to another between distinct person attracts GST.
Integration, testing and installation of software between centres of a same unit is supply between distinct persons
The AAR, Tamil Nadu in the matter of Ola Electric Technologies Pvt. Ltd. has held that the transfer of rights to perform integration testing, installation, and marketing of software from an e-vehicle manufacturing unit to a software development centre on behalf of end-users is subject to GST being a supply between two distinct persons.