section 15(2)(d) included in value of transaction-taxes paid

[Asked by Guest]

Dear sir,

As per section 15(2)(d) of CSGT/SGST Act 2016 , any taxes duties etc are to be included in the transaction value for applying GST rate tax. Does this mean, in case of Import customs duty shall part of transaction value while applying IGST rate. If so, whether still cascading exists.

thank you

AI Summary

Inclusion of non-GST taxes in transaction value increases IGST liability by requiring customs duties to be added to taxable value.
Taxes, duties, fees and charges levied under statutes other than the CGST/SGST/IGST Acts are included in the value of supply; customs duty not subsumed in GST must be added to transaction value when computing IGST, and CVD/SAD conceptually becomes part of IGST where subsumed, producing a layered incidence tied to duties retained for import regulation.