https://www.taxtmi.com/acts?id=29593 Value of supply is the transaction value-the price actually paid or payable where parties are not related and price is sole consideration. Value includes separately charged non GST taxes, amounts supplier is liable for but paid by recipient, incidental expenses (commission, packing), supplier charges at or before delivery, interest/late fees, and subsidies directly linked to price. Discounts are excluded if invoiced at or before supply or if post supply discounts are under agreement and input tax credit attributable to them is reversed. Where transaction value cannot be determined, prescribed methods or notified rules apply. "Related persons" are expressly defined. en-us Tue, 04 Jul 2017 18:28:51 +0530 Mon, 14 Aug 2017 14:34:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=29593 Value of supply is the transaction value-the price actually paid or payable where parties are not related and price is sole consideration. Value includes separately charged non GST taxes, amounts supplier is liable for but paid by recipient, incidental expenses (commission, packing), supplier charges at or before delivery, interest/late fees, and subsidies directly linked to price. Discounts are excluded if invoiced at or before supply or if post supply discounts are under agreement and input tax credit attributable to them is reversed. Where transaction value cannot be determined, prescribed methods or notified rules apply. "Related persons" are expressly defined. Act-Rules GST - States Tue, 04 Jul 2017 18:28:51 +0530 https://www.taxtmi.com/acts?id=29593