https://www.taxtmi.com/article/detailed?id=7442 Transaction value is the primary taxable base when price is sole consideration between unrelated parties; it includes recipient borne amounts, non GST statutory charges, incidental expenses, non government subsidies linked to price, and interest or penalties, while documented pre supply discounts (and qualifying post supply discounts where input tax credit is reversed) are excluded. Where transaction value cannot be used, prescribed hierarchical valuation rules apply, beginning with open market value and proceeding to monetary consideration, like goods or services valuation, agent and cost rules, and a residual method consistent with section principles. en-us Wed, 31 May 2017 06:28:28 +0530 Wed, 31 May 2017 06:28:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7442 Transaction value is the primary taxable base when price is sole consideration between unrelated parties; it includes recipient borne amounts, non GST statutory charges, incidental expenses, non government subsidies linked to price, and interest or penalties, while documented pre supply discounts (and qualifying post supply discounts where input tax credit is reversed) are excluded. Where transaction value cannot be used, prescribed hierarchical valuation rules apply, beginning with open market value and proceeding to monetary consideration, like goods or services valuation, agent and cost rules, and a residual method consistent with section principles. Articles Goods and Services Tax - GST Wed, 31 May 2017 06:28:28 +0530 https://www.taxtmi.com/article/detailed?id=7442