In order to levy tax, taxable value must be known, so we hereby explain the concept that how value shall be ascertained. Value taken for levy of tax rate shall be
transactional value i.e price actually paid or payable, when parties are not related, price is sole consideration and includes any amount which the supplier
is liable to pay but has been paid by the recipient of supply. Valuation provisions of CGST SGST and IGST of goods and services are same.