Transaction value basis for GST valuation; apply valuation rules where price is influenced by relationship or deemed supplies lack price. Contract price ordinarily constitutes the transaction value and is the primary basis for computing tax; however, where price is influenced by relationship of parties or where transactions are deemed supplies without a price, valuation must be determined under the GST Valuation Rules.
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Transaction value basis for GST valuation; apply valuation rules where price is influenced by relationship or deemed supplies lack price.
Contract price ordinarily constitutes the transaction value and is the primary basis for computing tax; however, where price is influenced by relationship of parties or where transactions are deemed supplies without a price, valuation must be determined under the GST Valuation Rules.
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