https://www.taxtmi.com/acts?id=27334 Value of supply follows the transaction value rule: price actually paid or payable is taxable where parties are not related and price is sole consideration. Specified additions (other law taxes if separately charged, recipient-incurred payments, incidental expenses, interest/penalties, and price-linked subsidies) must be included. Discounts documented at or before supply, or agreed post-supply with reversal of attributable input tax credit, are excluded. If transaction value cannot be determined, prescribed valuation methods apply and certain supplies may be notified for special valuation. The statute defines related persons broadly and treats legal persons as persons. en-us Fri, 23 Jun 2017 16:59:53 +0530 Tue, 25 Jul 2017 10:38:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=27334 Value of supply follows the transaction value rule: price actually paid or payable is taxable where parties are not related and price is sole consideration. Specified additions (other law taxes if separately charged, recipient-incurred payments, incidental expenses, interest/penalties, and price-linked subsidies) must be included. Discounts documented at or before supply, or agreed post-supply with reversal of attributable input tax credit, are excluded. If transaction value cannot be determined, prescribed valuation methods apply and certain supplies may be notified for special valuation. The statute defines related persons broadly and treats legal persons as persons. Act-Rules GST - States Fri, 23 Jun 2017 16:59:53 +0530 https://www.taxtmi.com/acts?id=27334