Whether packing materials supplied by purchaser without cost included in transaction value under GST Valuation Rules?
RAJIW KUMAR SINHA (Chartered Accountant) (109 Points)
19 June 2017Whether packing materials supplied by purchaser without cost included in transaction value under GST Valuation Rules?
CA Bhargav Nathwani
(CA in Practice)
(8307 Points)
Replied 19 June 2017
Yes, it is to be included.
"Price is not sole consideration" concept of central excise also given under GST valuation.
Prity Agarwal
(CHARTERED ACCOUNTANT)
(363 Points)
Replied 19 June 2017
Yes the packing material shall be included which shall be considered as the transaction value under the GST Act.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)