Janaki Maha Lakshmi Traders ., In re
Date: July 13, 2025
Subject Matter
Valuation for Related Party Transactions and GST Exemption on Transport to Unregistered Persons
Summary
M/s Janaki Maha Lakshmi Traders, engaged in (1) trading cement and iron, and (2) transportation of goods by road, sought an advance ruling on valuation for related-party supplies and tax liability for transportation services provided to unregistered…
Question Area AAR’s Ruling Statutory Basis I. Value of Supply to Unrelated Person Transaction value , which is the price actually paid or payable. Section 15(1) of the GST Act, 2017. II. Value of Supply to Related Person (Eligible for Full ITC) Invoice value (The value declared in the invoice shall be deemed to be the open market value). Second proviso to Rule 28(1) of the CGST Rules, 2017. III. L…