https://www.taxtmi.com/forum/issue?id=116000 Under GST the prior MRP/MMR valuation approach is displaced by the transaction value concept under Section 15; a credit note for a sales return must be valued using GST valuation rules prevailing at determination, and any margin formerly reflected by an MMR must be included in the taxable value and taxed accordingly. en-us Mon, 10 Feb 2020 12:37:28 +0530 Thu, 23 Jan 2025 15:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116000 Under GST the prior MRP/MMR valuation approach is displaced by the transaction value concept under Section 15; a credit note for a sales return must be valued using GST valuation rules prevailing at determination, and any margin formerly reflected by an MMR must be included in the taxable value and taxed accordingly. Discussion-Forum GST Mon, 10 Feb 2020 12:37:28 +0530 https://www.taxtmi.com/forum/issue?id=116000