Transactional Value of Job Work under Model GST Law, Goods and Services Tax - GST

[Partha Sarkar]

What would be transactional value under "Job Work" on which GST to be applicable.It itself the Principal value of the Items on which job work to be done or it would be the service/Job order value between customer or service provider.Means an Items to be reconditioned or repaired whose original value was INR 100/- but for reconditioning order(service) value awarded by Cutomer INR 50/-

Posts / Replies

[Ganeshan Kalyani]

In my view the valuation provision is yet to come.

[YAGAY AND SUN]

In GST, the valuation of any goods or service would be determined through Customs Valuation Rules as adopted in GST.