- Transfer pricing involves setting prices for transactions of goods or services between related entities, often across borders, and affects GST liability in India.
- Related party transactions under GST include dealings between entities with shared control, ownership, management, or familial relationships.
- The arm’s length principle (ALP) is used to ensure related party transactions are priced as if between independent parties, impacting tax calculations.
- Methods like the Comparable Uncontrolled Price (CUP) method are used to determine the fair value (ALP) of such transactions.
Source: tallysolutions.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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