Valuation U/s 15

[NARENDER YARRAGORLA]

We have received 15 coolers from our supplier for ₹ 1 each only on account of reached Target sales. Can my supplier can issue invoice for the lower amount?

[Shilpi Jain]

He can issue the invoice by showing the discount.

[NARENDER YARRAGORLA]

Thank u madam

AI Summary

Valuation under GST: supplier may invoice promotional goods by reflecting discount, aligning transaction value with consideration. Valuation under Section 15 GST: fifteen coolers were received at a nominal price as part of sales-target promotion. The operative clarification is that the supplier may issue the invoice by showing the reduced price as a discount, documenting the promotional reduction in consideration on the invoice rather than treating the nominal price as an undisclosed transaction value.