Who all are defined as 'Related Persons' under GST Rule?

The following categories of Persons are defined as 'Related Persons' under GST Rules:

·         Persons who are officers or directors of one another’s businesses

·         Persons whos are legally recognised partners in business

·         Persons whos are employer and employee

·         Any person directly or indirectly owns, controls or holds 25% or more of the outstanding voting stock or shares of both of them

·         One of them directly or indirectly controls the other

·         Both of them are directly or indirectly controlled by a third person

·         Together they directly or indirectly control a third person

·         They are members of the same family

·         Persons who are associated in the business of one another in that one is the Sole agent or sole distributor or sole concessionaire,  of the Other, shall be deemed to be related.

GO TO GST TUTORIALS PAGE

GO TO HOME PAGE