https://www.taxtmi.com/acts?id=30185 The Value of supply is the transaction value-the price actually paid or payable-where supplier and recipient are not related and price is sole consideration; it includes separately charged taxes (other than central/state GST and compensation law), amounts paid by recipient on supplier's behalf, incidental expenses, interest/late fees, and subsidies linked to price received by supplier. Discounts recorded on invoice or contractually post-supply with reversal of input tax credit are excluded. Where transaction value cannot be determined, prescribed or notified valuation methods apply, and the provision defines "related persons" for these purposes. en-us Sat, 08 Jul 2017 17:35:54 +0530 Tue, 18 Jul 2017 12:27:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30185 The Value of supply is the transaction value-the price actually paid or payable-where supplier and recipient are not related and price is sole consideration; it includes separately charged taxes (other than central/state GST and compensation law), amounts paid by recipient on supplier's behalf, incidental expenses, interest/late fees, and subsidies linked to price received by supplier. Discounts recorded on invoice or contractually post-supply with reversal of input tax credit are excluded. Where transaction value cannot be determined, prescribed or notified valuation methods apply, and the provision defines "related persons" for these purposes. Act-Rules GST - States Sat, 08 Jul 2017 17:35:54 +0530 https://www.taxtmi.com/acts?id=30185