Doubt related to cgst act
vemuri harish prasad (inter) (42 Points)
13 December 2022
Is associate company called related party for the purpose of para 3 of section 7 of cgst act ?
vemuri harish prasad (inter) (42 Points)
13 December 2022
Mitali
(Finance Professional)
(10946 Points)
Replied 13 December 2022
An associate company would be considered a related party for the purpose of para 3 of section 7 of the CGST Act if it is owned or controlled by the same person or entity as the particular business.
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