What is the mechanism for valuation on related party transactions under GST? Posted on 25 April 2023 Category : GST How to avoid undervaluation of goods and services under GST regime on related parties? Mechanism 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. (updating soon…..) Click here to know GST rate on Goods and Services GST Exemption list of goods and services Find HSN number or Service tariff code for GST GST registration guidelines Indian GST Laws How to export your goods? Difference between SGST and CENVAT Difference between SGST and Central Excise Tax Difference between SGST and CST Difference between SGST and VAT Difference between CGST and CENVAT Difference between CGST and Central Excise Tax How to export goods from India? Export benefit schemes in India Export procedures and documentation How to get Export Order? Know HTS code (HS code) of your product How to import goods to India? Find ITC code of your product Is letter of credit safe mode of payment? IGM amendment (Import General Manifest Amendment) Import clearance under high sea sales Import customs clearance procedures Import General Manifest (IGM) Importance of Bill of Lading Introduction to this web site. Is Airway bill a documents of title? Is Customs House Agents (CHA ) required to be appointed mandatory? Is DP terms of payment safe in export business? Is Letter of Credit LC safe for an Importer? Is ON BOARD CERTIFICATE required for LC negotiation Is Received for shipment Bill of Lading sufficient for LC negotiation? Is Risk Management System (RMS) simplify import? What is RMS in import. Is sales tax applicable on shipments effected under high sea sales Is Seaway bill a document of title? What is Seaway bill. Is THC same in all ports KINDS OF LOSSES in Marine Insurance Know the term Port of Discharge and Place of Delivery LC advantage exporter LC advantage importer LC parties LCL shipment booking tips Letter of credit Import General Manifest (IGM) Importance of Bill of Lading Comments UTTARA GUJARAN : On 08 April 2017 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.