Transaction between related parties

I would like to have a clarification reg 3 small issues sir.


1. When there is a B2B transaction between related parties in which supplier charged half  price, the recipient is eligible for full ITC. now can we apply 2nd proviso to rule 28 of CGST rules sir?


2. In first question, I mentioned supplier has supplied at 50% of his cost to his related party. Can department ask supplier to reverse ITC to the extent of 50% because it was a gift to related party?


3. Whether proper officer under gst has any power to interfere with transaction value and ask why did u supplied at 50% less.


I would be privileged if I get a response from you sir. Tq 
Replies (1)
Point number 2 and 3 yes...

Point number 1 is not possible to related party as he is under questionable by the officer...
Under GST mostly the market price is notable by the officer in such case...

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details