Valuation In Gst Valuation In Service Tax And Other Valuation Rules
Valuation in GST: The Valuation under Central Excise law was very much complicated. Section 4 of the Central Excise Act dealt with valuation provisions and it provided that the duty should be paid on the Transaction value provided – (a) Price is the sole consideration and (b) assessee and the buyer are not related. Section 4A – provided for valuation of excisable goods on a different basis – i.e. MRP basis....