https://www.taxtmi.com/acts?id=24914 Value of supply is the transaction value: the price actually paid or payable where parties are not related persons and price is sole consideration. The value includes separately charged non-GST taxes, amounts the supplier is liable for but borne by recipient, incidental expenses (commission, packing), charges for acts by supplier at or before delivery, interest or penalties for late payment, and subsidies directly linked to price received by supplier. Discounts recorded on invoice or post-supply discounts under pre-existing agreement with reversal of input tax credit are excluded. Where transaction value is inapplicable, prescribed valuation methods or notified methods apply. en-us Thu, 11 May 2017 10:39:35 +0530 Thu, 11 May 2017 15:53:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=24914 Value of supply is the transaction value: the price actually paid or payable where parties are not related persons and price is sole consideration. The value includes separately charged non-GST taxes, amounts the supplier is liable for but borne by recipient, incidental expenses (commission, packing), charges for acts by supplier at or before delivery, interest or penalties for late payment, and subsidies directly linked to price received by supplier. Discounts recorded on invoice or post-supply discounts under pre-existing agreement with reversal of input tax credit are excluded. Where transaction value is inapplicable, prescribed valuation methods or notified methods apply. Act-Rules GST - States Thu, 11 May 2017 10:39:35 +0530 https://www.taxtmi.com/acts?id=24914