Whether value for each transaction will have to be fed? What if no consideration?
Question 7
Bill
Returns Process and matching of Input Tax Credit
Faq On GST (2nd Edition) Dated 31.3.2017
Q 7. Whether value for each transaction will have to be fed? What if no consideration?
\nAns. Yes. Not only value but taxable value will also have to be fed. In some cases, both may be different.
\nIn case there is no consideration, but it is supply by virtue of schedule 1, the taxable value<\/p>\n
= = = = = = = =<\/p>\n
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