Supply to related party

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Kaustubh Ram Karandikar (Querist)
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09 August 2019 Club Membership Fees paid by XYZ Ltd. on behalf of the Director of the company. The director is not on the payroll of the company. Is XYZ required to pay GST on it under the category of ‘Services provided to related party without any consideration’?

Anshul Jain

Anshul Jain (Expert)
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09 August 2019 Sir,

I suppose it will be considered a loan to the Director and consideration for the loan is in the form of interest. The entire transaction is exempt from GST and therefore, will not have any GST impact. Apart for declaring it as exempt service in the proper return.

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