Menu
consideration
What is the meaning of the term “Price is not the sole consideration”?
Replies (5)
Price is not the sole consideration means the price paid or payable for goods or service is less than the market value of goods or service
The transaction value shall be accepted if the price is the sole consideration. In other words, what is received or what is to be received should only be the price paid or payable to the supplier. No other consideration in any form should be payable for the supply.
section 15 value of supply "price is the sole consideration"
Just take example exchange your old mobile phone with new phone and pay some cash also... Example of price not the sole consideration... Valuation as per rule 27....and take another look example where u purchased a new phone only paying cash or bank... It is price sole consideration
Just take example exchange your old mobile phone with new phone and pay some cash also... Example of price not the sole consideration... Valuation as per rule 27....and take another look example where u purchased a new phone only paying cash or bank... It is price sole consideration
I got it vinod ji .It's easy to understand by example.Thank you very much.
Your always welcome sir. ....
Recent Topics :
- 12A registration expired in FY 22-23 and is not re
- Seeking Clarification on Business Code Selection a
- CG on property sold after construction of a house
- Nursing Home Taxability
- CA opted for Form 10IEA mistakenly - Demand raised
- Query on scenario related to FAST DS 2026
- Audit Executive (Remote, India) - Ace Auditing Off
- GST Transaction On Used Clothing
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
Related Topics :
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
ARTICLESHIP
16 September 2026
Article Assistant
MANUJ SHARMA AND COMPANY
Noida
CA Inter
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
ARTICLESHIP
07 September 2026
Article/ Paid Assistant
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
CCI
Pro
CAclubindia
