What is the value of taxable supply to be adopted for the levy of GST?
Question 1
Bill
Valuation in GST
Faq On GST (2nd Edition) Dated 31.3.2017
6. Valuation in GST
\nQ 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 price paid or payable, when the parties are not related and price is the sole consideration. Section 15 of the CGST\/SGST Act f<\/p>\n
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