Transaction value as basis for GST valuation requires adjustment where price is influenced by related parties or deemed supplies. Valuation of supply under GST uses the contract price, referred to as the transaction value, as the primary basis for computing tax; where the price is influenced by the relationship between parties or where transactions are deemed supplies without an explicit price, those influences must be addressed so the transaction value reflects the correct taxable value.
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 as basis for GST valuation requires adjustment where price is influenced by related parties or deemed supplies.
Valuation of supply under GST uses the contract price, referred to as the transaction value, as the primary basis for computing tax; where the price is influenced by the relationship between parties or where transactions are deemed supplies without an explicit price, those influences must be addressed so the transaction value reflects the correct taxable value.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
