Taxable supply valuation uses transaction value where parties are unrelated and price is sole consideration, while prescribed methods apply otherwise.

Taxable supply valuation is based on transaction value, being the price actually paid or payable, where the supplier and recipient are not related and price is the sole consideration. Where value cannot be determined on that basis, or where supplies are notified for special valuation, value is determined through the prescribed method. Value includes specified supplier-related charges, delayed-payment amounts and price-linked subsidies, while qualifying discounts are excluded.

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