CS Executive · Tax Laws and Practice · Time, Value and Place of Supply
Under the Explanation to Section 15 of the CGST Act, 2017, which of the following pairs of persons is deemed to be related persons?
Members of the same family are deemed related persons under the Explanation to Section 15. Regular trading, using the same bank or being in the same State does not by itself make persons related.
- ATwo persons who are members of the same familyCorrect
- BA supplier and a customer who have traded regularly for ten years
- CTwo persons who bank with the same bank
- DA supplier and a recipient located in the same State
Explanation
The Explanation lists situations such as officers or directors of one another's businesses, partners, employer and employee, 25% or more shareholding, control, and members of the same family. Long trading, common bank or same State are not listed.
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