What is the value of taxable supply to be adopted for the levy of GST?
Question 1
Bill
Valuation in GST
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 1. What is the value of taxable supply to be adopted for the levy of GST?
\nAns. The value of taxable supply of goods and services shall ordinarily be 'the transaction value' which is the actually the price paid or payable, when the parties are not related and price is the sole consideration. The MGL further elaborates vario<\/p>\n
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