https://www.taxtmi.com/acts?id=27260 Value of supply is the transaction value-price actually paid or payable between unrelated parties when price is sole consideration-and includes specified taxes and charges, amounts borne by recipient, incidental expenses, interest or late fees, and subsidies linked to price. Discounts recorded on invoice or covered by pre-existing discount agreements with reversal of attributable input tax credit are excluded. Where transaction value cannot be determined, valuation follows prescribed methods and notified supplies may have prescribed valuation. Related persons and inclusion of legal persons are defined for valuation purposes. en-us Fri, 23 Jun 2017 16:07:38 +0530 Tue, 18 Jul 2017 10:28:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=27260 Value of supply is the transaction value-price actually paid or payable between unrelated parties when price is sole consideration-and includes specified taxes and charges, amounts borne by recipient, incidental expenses, interest or late fees, and subsidies linked to price. Discounts recorded on invoice or covered by pre-existing discount agreements with reversal of attributable input tax credit are excluded. Where transaction value cannot be determined, valuation follows prescribed methods and notified supplies may have prescribed valuation. Related persons and inclusion of legal persons are defined for valuation purposes. Act-Rules GST - States Fri, 23 Jun 2017 16:07:38 +0530 https://www.taxtmi.com/acts?id=27260