transaction with relative
om akhani (88 Points)
23 January 2019
Tushar Chhabra
(Assistant Manager)
(72 Points)
Replied 24 January 2019
In terms of Schedule I of CGST Act, transactions between related persons will be deemed to be supply and chargeable to GST. However, regarding the availability of ITC, it is generally available to the recipient but will depend upon the nature of transaction involved.
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