https://www.taxtmi.com/acts?id=26631 Value of supply is the transaction value-price actually paid or payable where parties are not related and price is sole consideration. The value includes taxes and other externally levied charges, amounts borne by the recipient, incidental expenses, interest or late fees, and subsidies directly linked to price. Discounts recorded on invoice or established by pre supply agreement with reversal of attributable input tax credit are excluded. Where transaction value cannot be determined, prescribed valuation rules apply, and notified supplies are valued as prescribed. The Act gives a broad definition of related persons. en-us Wed, 21 Jun 2017 15:09:48 +0530 Sat, 08 Jul 2017 16:25:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=26631 Value of supply is the transaction value-price actually paid or payable where parties are not related and price is sole consideration. The value includes taxes and other externally levied charges, amounts borne by the recipient, incidental expenses, interest or late fees, and subsidies directly linked to price. Discounts recorded on invoice or established by pre supply agreement with reversal of attributable input tax credit are excluded. Where transaction value cannot be determined, prescribed valuation rules apply, and notified supplies are valued as prescribed. The Act gives a broad definition of related persons. Act-Rules GST - States Wed, 21 Jun 2017 15:09:48 +0530 https://www.taxtmi.com/acts?id=26631