Q 241. Whether value for each transaction will have to be fed? What if no consideration?


Ans. Yes. Not only value but taxable value will also have to be fed. In some cases both may be different. In  case  there  is  no  consideration,  but  it  is  supply  by virtue of schedule 1, the taxable value will have to be uploaded.   [ As per FAQ on GST published by NACEN ]…

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