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 of goods or services or both where the supplier and the recipient of the supply are not related and the price is the sole consideration for the supply. (2) The value of supply shall include: (a) any taxes, duties, cesses, fees and charges levied under any law for the time being in force other than CGST/SGST/IGST/UTGST/cess; (b) any amount that the supplier is liable to pay in relation to such supply but which has been incurred by the recipient of the supply; (c) incidental expenses; (d) interest or late fee or penalty for delayed payment; (e) subsidies directly linked to the price. (3) The value of the supply shall not include any discount which is given before or at the time of the supply or after the supply, subject to conditions.