Valuation adjustments under GST: apply section 15(2) to correct prices when transactions fall outside section 15(4). The valuation framework allows specified adjustments to the transaction price to correct distortions and ensure a reliable taxable value; Section 15(2) ... Summary
Valuation adjustments under GST: apply section 15(2) to correct prices when transactions fall outside section 15(4).
The valuation framework allows specified adjustments to the transaction price to correct distortions and ensure a reliable taxable value; Section 15(2) provides the list of adjustments that may be applied to align the declared price with economic reality for determining tax payable when the special rule is not applicable.
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