Jul 12, 2024
Prepared by
Whether value for each transaction will have to be fed? What if no consideration?
Yes. Not only value but taxable value will also have tobe 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 worked out as prescribed and uploaded.
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prescribedschedule-1each-transactionconsiderationtaxable-valuedifferent