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Model GST Law - Valuation provisions: Lack of Conceptual Clarity, Drafting Gaffe and Open invitation to Litigation


Valuation provision in GST Model Law

Beautiful analysis. In a small section and ruling provision our draftsmen are able to make so many complications. Everybody is ready for a change to cope up with new tax regime for the benefit of one and all. But our draftsmen are not ready for change and this type of drafting would defeat the purpose of introduction of GST

After saying “transaction value” where is the need of including/excluding certain factors which were applied in “pre-transaction value” Regime. Authors’ noting and suggestions are for true and error free tax compliance and easy collection of revenue. Suggestions like this should reach the relevant authority. Let us hope valution provision will be re-written

Posted by
G. Mani

govindan_mani govindan_mani 09/08/2016

 

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