Understanding Valuation Rules Under GST: A Comprehensive Guide by Sakshi Jain, CA LLB

• Valuation rules under GST are discussed in Section 15 of the CGST Act
• Tax value can be determined based on ad-valorem basis
• Transaction value is considered as taxable value under GST
• Compulsory inclusions in valuation under GST include taxes, fees, expenses, subsidies, etc.
• Discounts need to be excluded from taxable value unless certain conditions are met
• Valuation rules under GST apply in various scenarios such as supply between related persons, through an agent, repossessed goods, foreign currency transactions, etc.

Source: mastersindia.co

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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