https://www.taxtmi.com/acts?id=30358 The value of taxable supply is the transaction value-price actually paid or payable where parties are not related and price is sole consideration. Value includes specified taxes and charges (excluding this Act and certain central GST Acts), amounts paid by recipient on supplier's behalf, incidental expenses, interest/late fees, and subsidies directly linked to price. Discounts recorded in invoice or provided under pre-existing agreement with reversal of corresponding input tax credit are excluded. Prescribed methods apply when transaction value cannot be determined and notified supplies are valued as prescribed. The provision defines related persons and includes legal persons. en-us Mon, 10 Jul 2017 14:21:24 +0530 Thu, 17 Aug 2017 17:16:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30358 The value of taxable supply is the transaction value-price actually paid or payable where parties are not related and price is sole consideration. Value includes specified taxes and charges (excluding this Act and certain central GST Acts), amounts paid by recipient on supplier's behalf, incidental expenses, interest/late fees, and subsidies directly linked to price. Discounts recorded in invoice or provided under pre-existing agreement with reversal of corresponding input tax credit are excluded. Prescribed methods apply when transaction value cannot be determined and notified supplies are valued as prescribed. The provision defines related persons and includes legal persons. Act-Rules GST - States Mon, 10 Jul 2017 14:21:24 +0530 https://www.taxtmi.com/acts?id=30358