Related Party Trnasactions
Query (Issue) Started By: – Kaustubh Karandikar Dated:- 25-2-2019 Last Reply Date:- 27-2-2019 Goods and Services Tax – GST
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GST
XYZ(Proprietor) received Interest free loan from PQR (HUF). Both XYZ and PQR are related. Will it have any GST implications? Loan being given without charging any interest and XYZ and PQR being related, will it not amount to service provided by PQR to XYZ and for related person even without consideration, GST is require
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