Section 15 of CGST Act, 2017 : Section 15: Value Of Taxable Supply

CGST Act, 2017

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Explanation using Example

Example Scenario:

Imagine a company, ABC Pvt. Ltd., sells goods to an independent retailer, XYZ Stores, for INR 100,000. This is the price both parties agreed upon, and neither party has any control or significant influence over the other. The transaction value of INR 100,000 would be considered the value of the supply of goods under Section 15(1) of the CGST Act, 2017, as the supplier and recipient are not related, and the price is the sole consideration for the supply...

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