- 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.
