Recipient's expenditure, packing & commission includible in taxable-value; No GST on discounts, explains CBEC

CBEC explains ‘valuation’ under GST regime, says that in most cases of regular normal trade, invoice value, i.e. the transaction value will be ‘taxable value’; GST law mandates inclusion of any taxes, fees, charges under any other law, expenses incurred by recipient on behalf of supplier, incidental expenses like commission & packing, interest / late fees / penalty for delayed payment and direct subsidies (except Govt. subsidies) in the price t...