Articles 7th Oct 2024
In GST regime related party transactions has emerged as one of the key issues of dispute, especially since they are treated as supply regardless of presence of consideration. Inevitably in the course of any investigation/audit carried out by the GST department, related party transactions attract closer scrutiny. This article delves into the complexities around GST implications on such transactions, including chargeability, valuation, and recent clarifications by CBIC. Few prominent issues analysed in this article are – (a) Corporate guarantees, (b) Right to use of brand names, and (c) Secondment of employees.
Against this backdrop, Our Partner Kumar Visalaksh and Associate, Ashish Garg have co-authored an article, “GST on Related Party Transactions: A Comprehensive Analysis” which has been published in September issue of The Chambers of Tax Consultants.
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