Inclusion in Transaction Value: specified taxes, reimbursements, incidental charges, interest and linked subsidies affect GST valuation. Section 15(2) specifies inclusions in transaction value for GST: (a) non GST taxes and statutory charges separately charged by the supplier; (b) amounts the supplier is liable to pay but incurred by the recipient and not included in price, including reimbursements directly related to supply, subject to ownership/amortisation clarifications; (c) incidental expenses such as commission, packing, freight, insurance, inspection, testing and installation charged to the recipient; (d) interest, late fees and penalties for delayed payment, taxable at the rate of the principal supply and timed to receipt; and (e) subsidies directly linked to price, excluding Central/State government subsidies.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Inclusion in Transaction Value: specified taxes, reimbursements, incidental charges, interest and linked subsidies affect GST valuation.
Section 15(2) specifies inclusions in transaction value for GST: (a) non GST taxes and statutory charges separately charged by the supplier; (b) amounts the supplier is liable to pay but incurred by the recipient and not included in price, including reimbursements directly related to supply, subject to ownership/amortisation clarifications; (c) incidental expenses such as commission, packing, freight, insurance, inspection, testing and installation charged to the recipient; (d) interest, late fees and penalties for delayed payment, taxable at the rate of the principal supply and timed to receipt; and (e) subsidies directly linked to price, excluding Central/State government subsidies.
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