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Amended upto (Year) ⇨  
CGST ACT, 2017
[Amended upto 2025]

CHAPTER IV  -  TIME AND VALUE OF SUPPLY

TaxGPT

Summarize Section 15 by TaxGPT in
  AA   |   Print

Section 15 - Value of taxable supply.

15. (1) 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. (2) The value of supply shall include––– (a) any taxes, d


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References:

For clarification on certain issues under GST laws see Circular No. 47/21/2018-GST Central Tax dated 8 Jun, 2018
For clarification on certain issues of the CGST Act rate of tax in case of debit note/credit notes issued under section 142(2) of the CGST Act ;applicability of central tax valuation methodology in case of TCS under income tax Act and definition related to GST see Notification No. 50/2018 Central Tax dated 13 Sep, 2018 and Circular No. 76/50/2018-GST Central Tax dated 31 Dec, 2018
For Clarification on various doubts related to treatment of sales promotion schemes under GST see Circular No. 92/11/2019-GST Central Tax dated 7 Mar, 2019
For clarification regarding application of GST on additional / penal interest see Circular No. 102/21/2019-GST Central Tax dated 28 Jun, 2019
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24 Apr

☑ Quarterly | GSTR-3B

GSTR-3B for the Quarter Jan - Mar 2025 (QRMP Taxpayers < 5 Cr - Rule 61) - Category II States.  

* State Category II - Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh and Delhi.

25 Apr

☑ Half-Yearly | ITC-04

ITC-04 for the half year (Oct - Mar 2025) (For taxpayers > 5 Cr. Turnover) - Rule 45.

☑ Annual | ITC-04

ITC-04 for complete FY 2024-25 (For taxpayers <= 5 Cr. Turnover) - Rule 45.

28 Apr

☑ Monthly | GSTR-11

GSTR-11 for the m/o Mar 2025 (Statement of inward supplies by persons having Unique Identification Number (UIN)).

30 Apr

☑ Quarterly | QRMP

Last date for opt-in / opt-out QRMP Scheme for quarter Apr - June 2025 (Rule 61A)