Value of Supply: Ascertaining ‘Value’ on which GST is calculated

Supply & Value of Supply The event which attracts the levy of ‘tax’ is called the taxable event and in GST, the taxable event is ‘Supply.’ The scope of this Supply has been defined under section 7 of the  CGST Act. s.15 determines the ‘Value of taxable supply’ of goods or services or both, to […]

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