MANAGEMENT

Detailed explanation-1: -The value of supply for a transaction is the price or consideration paid by the customer to the supplier. It includes extra charges like shipping and handling, but it does not include GST. Some actions that aren’t sales, such as stock transfers between two states, are still considered taxable transactions.

Detailed explanation-2: -Value of supply will be the transaction value (i.e., the price actually paid or payable) provided: the supplier and the recipient are not related, and. price is the sole consideration for the supply.

Detailed explanation-3: -Transaction value is the price actually paid(or payable) for the supply of goods/services between un-related parties (i.e., price is the sole consideration) The value of supply under GST shall include: Any taxes, duties, cess, fees, and charges levied under any act, except GST.

Detailed explanation-4: -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.

Detailed explanation-5: -Under GST law, taxable value is the transaction value i.e. price actually paid or payable, provided the supplier & the recipient are not related and price is the sole consideration. In most of the cases of regular normal trade, invoice value will be the taxable value.