We know that the value of a taxable supply is the taxable base on which the rate is applied. It is important to understand and calculate the value of supply for ascertaining GST liability. GST will be applicable in the value of the goods and services supplied.
source https://www.caclubindia.com/articles/valuation-of-free-of-cost-supplies-under-gst-46618.asp
source https://www.caclubindia.com/articles/valuation-of-free-of-cost-supplies-under-gst-46618.asp
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