Section 15 – Value of Taxable Supply
Section 15 of CGST Act, 2017 – Value of Taxable Supply Updated on: February 2026 (as amended and applicable till date) Prepared by: Yours Tax Consultant 1. Bare Act Text – Section 15 (Effective Provisions) Section 15(1): The value of a supply of goods or services or both shall be the transaction value, which is the price actually paid or payable for the said supply where the supplier and the recipient are not related and the price is the sole consideration for the supply. Section 15(2): The value of supply shall include: (a) any taxes, duties, cesses, fees and charges levied under any law other than this Act, the State GST Act, the UTGST Act and the GST (Compensation) Act, if charged separately by the supplier; (b) any amount that the supplier is liable to pay in relation to such supply but which has been incurred by the recipient and not included in the price; (c) incidental expenses, including commission and packing, cha...