https://www.taxtmi.com/article/detailed?id=7155 Section 15 of the revised GST law fixes transaction value as the primary valuation where price is the sole consideration between unrelated parties and revises inclusions and exclusions: amortised value of free supplies and reimbursable expenditures are deleted from the inclusion list, royalties and licence fees as a condition of supply are removed, interest/late fees for delayed payment are newly includible, taxes/cesses charged separately are broadened in scope, and Central and State Government subsidies are expressly excluded from transaction value. en-us Tue, 27 Dec 2016 15:35:16 +0530 Tue, 27 Dec 2016 15:35:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7155 Section 15 of the revised GST law fixes transaction value as the primary valuation where price is the sole consideration between unrelated parties and revises inclusions and exclusions: amortised value of free supplies and reimbursable expenditures are deleted from the inclusion list, royalties and licence fees as a condition of supply are removed, interest/late fees for delayed payment are newly includible, taxes/cesses charged separately are broadened in scope, and Central and State Government subsidies are expressly excluded from transaction value. Articles Goods and Services Tax - GST Tue, 27 Dec 2016 15:35:16 +0530 https://www.taxtmi.com/article/detailed?id=7155