https://www.taxtmi.com/acts?id=28828 Value of supply is principally the transaction value where supplier and recipient are not related and price is sole consideration. The value must include specified additional amounts (non-GST taxes if separately charged, recipient-incurred supplier liabilities, incidental expenses, charges for supplier acts, interest/penalties for delayed payment, and subsidies directly linked to price). Discounts are excluded if invoiced at or before supply, or if post-supply discounts are contractually linked to invoices and the recipient reverses corresponding input tax credit. Where transaction value cannot be determined, or for notified supplies, value is to be determined as prescribed. Related persons and legal person definitions are provided. en-us Sat, 01 Jul 2017 13:02:41 +0530 Thu, 27 Jul 2017 18:08:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=28828 Value of supply is principally the transaction value where supplier and recipient are not related and price is sole consideration. The value must include specified additional amounts (non-GST taxes if separately charged, recipient-incurred supplier liabilities, incidental expenses, charges for supplier acts, interest/penalties for delayed payment, and subsidies directly linked to price). Discounts are excluded if invoiced at or before supply, or if post-supply discounts are contractually linked to invoices and the recipient reverses corresponding input tax credit. Where transaction value cannot be determined, or for notified supplies, value is to be determined as prescribed. Related persons and legal person definitions are provided. Act-Rules GST - States Sat, 01 Jul 2017 13:02:41 +0530 https://www.taxtmi.com/acts?id=28828