Related Person under GST (With Memory Technique) | Explanation to Section 15 | CA/CMA/CS | MM Sir

In this lecture, we will study the concept of "Related Person" under GST in a thorough manner. We will also learn it with the help of a Memory Technique. The concept of "Related Person" as defined under Explanation to Section 15 of the CGST Act is as follows: persons shall be deemed to be related persons‖ if– (i) such persons are officers or directors of one another‘s businesses; (ii) such persons are legally recognized partners in business; (iii) such persons are employer and employee; (iv) any person directly or indirectly owns, controls or holds twenty-five per cent. or more of the outstanding voting stock or shares of both of them; (v) one of them directly or indirectly controls the other; (vi) both of them are directly or indirectly controlled by a third person; (vii) together they directly or indirectly control a third person; or (viii) they are members of the same family; 𝐁𝐔𝐘 𝐓𝐇𝐄 𝐂𝐎𝐌𝐏𝐋𝐄𝐓𝐄 𝐃𝐄𝐅𝐈𝐍𝐈𝐓𝐈𝐎𝐍 𝐂𝐇𝐀𝐏𝐓𝐄𝐑 𝐋𝐄𝐂𝐓𝐔𝐑𝐄𝐒: 𝐡𝐭𝐭𝐩𝐬://𝐫𝐳𝐩.𝐢𝐨/𝐥/𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧𝐬𝐚𝐧𝐝𝐀𝐝𝐦𝐢𝐧𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 👉 LET'S CONNECT 👈 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Join Us to get access to perks: - http://bit.ly/joinmmsir Subscribe Us - http://bit.ly/mmforyou Downloads - https://www.madhusudanmishra.in/register Telegram - https://t.me/gstbymm For Consultancy - [email protected] For Collab - [email protected] GSTbyMM (WhatsApp Group): https://rebrand.ly/gstbymm Website: https://www.madhusudanmishra.in Follow Me: Twitter -   / mmishraofficial   Insta -   / mmishraofficial   LinkedIn -   / mmishraofficial   Be my friend: Facebook -   / danmishra