GST postscript: The interplay between related party transactions and transfer pricing

India’s biggest indirect tax reform in the form of Goods and Services Tax (GST)was introduced and implemented from July 1, 2017. The new law propagated “One Nation, One Tax” motto and subsumed most of the indirect taxes (VAT, Excise, Entertainment tax, Luxury tax, Cess, etc.) under a single taxation regime. GST is one of the most complex tax regimes in the history of the nation and has given…