Transaction value determines taxable consideration where price is sole consideration and parties are unrelated, including recipient-incurred amounts. Transaction value denotes the price actually paid or payable for the supply of goods or services when supplier and recipient are not related and price is the sole consideration; it includes any sums the supplier is liable to pay but which have been incurred by the recipient.
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 consideration where price is sole consideration and parties are unrelated, including recipient-incurred amounts.
Transaction value denotes the price actually paid or payable for the supply of goods or services when supplier and recipient are not related and price is the sole consideration; it includes any sums the supplier is liable to pay but which have been incurred by the recipient.
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