Value of taxable supply for levy GST [ Section 15(1) ]

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....n 15 of the CGST Act and Rule 27 to Rule 35 of CGST Rules, 2017 ( Chapter IV - Determination of Value of Supply), contain provisions related to valuation of supply of goods or services made in different circumstances and to different persons. Section 15 of CGST Act 2017 define the Value of Taxable Supply.- The value of a supply of goods or services or both shall be the transaction valu....

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.... the goods are not related and the price is the sole consideration for the sale, be the transaction value. Transaction value shall included value of scrap/by-products retained by the job worker cost of waste/scrap shall be included in the value of goods manufactured by the job worker. Whenever the conversion charges get reduced by the cost of wastage /scrap, it should be included in the valu....