Transaction value determines taxable value when price is sole consideration and parties are unrelated, and includes amounts borne by recipient. Transaction value is the price actually paid or payable for supply of goods and services where supplier and recipient are not related and price is the sole consideration; it includes any amount the supplier is liable to pay but which has been incurred by the recipient of the supply.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transaction value determines taxable value when price is sole consideration and parties are unrelated, and includes amounts borne by recipient.
Transaction value is the price actually paid or payable for supply of goods and services where supplier and recipient are not related and price is the sole consideration; it includes any amount the supplier is liable to pay but which has been incurred by the recipient of the supply.
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