New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    In GST the transaction value for computation of value of

    supply can be rejected if-
    A The buyer and seller are related, and price is not the sole consideration Correct Answer Incorrect Answer
    B Products are sold at very low margins. Correct Answer Incorrect Answer
    C Maximum retail price is greater than the transaction value. Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer

    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.

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