PLEASE TELL ME HOW GST WILL BE CALCULATED ,
WHEN TRANSACTIONAL VALUE IS LOWER THAN ACCESSABLE VALUE ( LIKE COMMERCIAL INVOICE IS OF $900 PER TONN, WHEREAS CUSTOM CLEARENCE IS OVER $1400/TONN)
1 Replies
nirmalbhai thakker
(117 Points)
Replied 12 June 2017
it should be on transaction value. But u should also keep in mind the valuation rules also. If supplier and importer both are related person, than RCM will apply on fair market price.
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