Transaction value as taxable supply basis: applies where parties are unrelated and price is the sole consideration, with inclusions and exclusions. The value of a taxable supply for GST is ordinarily the transaction value, i.e., the price paid or payable where parties are not related and price is the ... Summary
Transaction value as taxable supply basis: applies where parties are unrelated and price is the sole consideration, with inclusions and exclusions.
The value of a taxable supply for GST is ordinarily the transaction value, i.e., the price paid or payable where parties are not related and price is the sole consideration; refundable deposits are excluded and discounts allowed before or at the time of supply reduce the transaction value.
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