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<h1>Understanding Section 15: Determining Taxable Supply Value Under Tamil Nadu GST Act 2017</h1> The Tamil Nadu Goods and Services Tax Act, 2017, Section 15, defines the value of taxable supply as the transaction value, which is the price paid for goods or services when the supplier and recipient are unrelated, and price is the sole consideration. The value includes taxes, duties, fees, charges (excluding GST), supplier-incurred expenses paid by the recipient, incidental expenses, interest, penalties, and certain subsidies. Discounts are excluded if recorded in the invoice or agreed upon before supply. If the value cannot be determined, prescribed methods apply. Related persons include business partners, employer-employee relationships, and those with significant control or ownership.