https://www.taxtmi.com/manuals?id=2500 Determination of the value of supply inclusive of GST requires back-calculation: multiply the price inclusive of taxes by the applicable tax rate and divide by the sum of one hundred plus the applicable tax rates. This method applies to MRP inclusive of tax and to cash discounts or interest recovered inclusive of tax. Open market value excludes taxes and reflects the full monetary value in transactions between unrelated parties, while supplies of like kind and quality are those that closely resemble the supply being valued in characteristics and reputation. en-us Thu, 16 Mar 2023 17:21:00 +0530 Fri, 13 Oct 2023 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2500 Determination of the value of supply inclusive of GST requires back-calculation: multiply the price inclusive of taxes by the applicable tax rate and divide by the sum of one hundred plus the applicable tax rates. This method applies to MRP inclusive of tax and to cash discounts or interest recovered inclusive of tax. Open market value excludes taxes and reflects the full monetary value in transactions between unrelated parties, while supplies of like kind and quality are those that closely resemble the supply being valued in characteristics and reputation. Manuals GST Thu, 16 Mar 2023 17:21:00 +0530 https://www.taxtmi.com/manuals?id=2500