Transfer Pricing, gst
This query is : Resolved
06 August 2021
A Company is selling to its related party Company, TV set at a margin of Rs.25, sale price Rs.10025 and cost Rs.10000. The Company is selling the TV set to its Dealer at Rs.12500 with a margin of 25%. What will be the consequences under income Tax and GST. Kindly clarify.
06 August 2021
GST payable on related party sale on 12,500 sale value to dealers.
Income tax provisions not applicable for such low value transaction.
Income tax provisions not applicable for such low value transaction.
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