India: Market value applied to transactions for GST | KPMG | GLOBAL
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India: Market value applied to transactions for GST purposes

India: Market value applied to transactions for GST

Determining transaction value and market value for indirect tax purposes in India has almost always resulted in controversy. It appears that this uncertainty may continue under a goods and services tax (GST) regime.


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What are likely issues concerning the applicability of market value to transactions between non-associated enterprises?


Read a July 2016 report [PDF 135 KB] prepared by the KPMG member firm in India: Applicability of market value to transactions between non associated enterprises

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