What is the mechanism for valuation on related party transactions under GST?


How to avoid undervaluation of goods and services under GST regime on related parties?

What is the mechanism for valuation on related party transactions under GSTMechanism on related party valuation for Goods adopted for imports under SVB (Special Valuation Branch) is likely to be continued for services also. The IGST amount credited can be scrutinized with the parameters of SVB also before settling refund.

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UTTARA GUJARAN : Presently i am woring with the Diamond Industry in Mumbai . our company is manufacturer, importer & exproter of rough & polisehd diamonds . Could you please explain me the Term " Related Party " in term of rule 2 (2) of the customs valuation rules 1988 i --- vii & Viii ) They are mamber of the Same Family. Thank you for your cooperation in advance.

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