taxable value
Aditya Agrawal (9 Points)
21 September 2017weather to include freight amount or not?
Aditya Agrawal (9 Points)
21 September 2017
Vinod Araveti
(Practicing CA)
(1180 Points)
Replied 21 September 2017
As per Section 15 of CGST Act 2017, The value of a supply of goods or services or both shall be the transaction value, which is the price actually paid or payable for the said supply of goods or services or both where the supplier and the recipient of the supply are not related and the price is the sole consideration for the supply.
Read section 15 of CGST act 2017 for more details.
Yes, Frieght amount needs to be included in the taxable value.
Aditya Agrawal
(9 Points)
Replied 21 September 2017
Vinod Araveti
(Practicing CA)
(1180 Points)
Replied 21 September 2017
read section 15(1),(2),(3),(4) and(5) . So that you will get to know how to arrive the assesable value.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 21 September 2017