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Resource Centre / Categories :- Miscellaneous  » Miscellaneous
Can the transaction value declared under section 15(1) be accepted?
Team SoOLEGAL | 01/01/1970

Yes, it can be accepted after examining for inclusions in section 15(2). Furthermore, the transaction value can be accepted even where the supplier and recipient are related, provided the relationship has not influenced the price. (Rule 3(4) of draft GST valuation rules)


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