Question
In GST the transaction value for computation of value of
supply can be rejected if-Solution
The transaction value for the computation of the value of supply under the Goods and Services Tax (GST) can be rejected if the buyer and seller are related, and the price is not the sole consideration. This provision is in place to prevent related parties from manipulating the transaction value to avoid taxes.
Consider the following statements about Surat Diamond Bourse:
1.     Recently Prime minister inaugurate Surat Diamond Bourse.
2.  ...
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The Insurance Regulatory and Development Authority of India (IRDAI) has proposed to constitute an 11-member taskforce to examine the implications of the...
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