Valuation In Gst Of Goods And Services Understand With Examples
Valuation in GST of Goods and Services Value of Supply Every fiscal statue makes provision for the determination of value as tax which is normally payable on ad-valorem basis. In GST also, tax is payable on ad-valorem basis i.e percentage of value of the supply of goods or services. Section 15 of the CGST Act and Determination of Value of Supply, CGST Rules, 2017 contain – provisions related to valuation of supply of goods or services made in different circumstances and to different persons....