Valuation in GST
- What is the value of taxable supply to be adopted for the levy of GST?
- What is transaction value?
- Are there separate valuation provisions for CGST, SGST and IGST and Goods and Services?
- Is contract price not sufficient to determine valuation of supply?
- Is reference to Valuation Rules required in all cases?
- What is to be done if there are certain factors affecting price though the transaction is not covered by section 15(4)?
- Can the transaction value declared under section 15(1) be accepted?
- Whether post-supply discounts or incentives are to be included in the transaction value?
- Whether pre-supply discounts allowed before or at the time of supply are includible in the transaction value?
- When are Valuation Rules applicable?
- What are the reasons for doubting transaction value declared?
- What are the methods provided for determining the value, in terms of draft GST Valuation Rules?
- What are the inclusions specified in Section 15(2) which could be added to Transaction Value?