https://www.taxtmi.com/article/detailed?id=10675 Section 15 makes transaction value the default GST valuation where supplier and recipient are not related and the price is sole consideration. It specifies inclusions (non GST levies, supplier liabilities borne by recipient, incidental expenses charged to recipient, interest/penalties, and subsidies linked to price) and exclusions for discounts (if invoiced at or before supply, or post supply when pre agreed and input tax credit is reversed). If transaction value cannot be determined, prescribed methods apply, and government notified supplies are valuated as prescribed; a detailed deeming clause defines related persons. en-us Fri, 09 Sep 2022 07:05:55 +0530 Fri, 09 Sep 2022 07:05:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10675 Section 15 makes transaction value the default GST valuation where supplier and recipient are not related and the price is sole consideration. It specifies inclusions (non GST levies, supplier liabilities borne by recipient, incidental expenses charged to recipient, interest/penalties, and subsidies linked to price) and exclusions for discounts (if invoiced at or before supply, or post supply when pre agreed and input tax credit is reversed). If transaction value cannot be determined, prescribed methods apply, and government notified supplies are valuated as prescribed; a detailed deeming clause defines related persons. Articles Goods and Services Tax - GST Fri, 09 Sep 2022 07:05:55 +0530 https://www.taxtmi.com/article/detailed?id=10675