Text
The text below is the section as served by the CBIC tax information portal on 17 September 2026, with the portal's own amendment footnote markers (shown as small numerals before a bracket) and its footnotes.[1] The Act as published in the Gazette of India is the legal source.
Section 15, verbatim (show)
Section 15
* Section 15. Value of Taxable Supply.-
(1) The value of a supply of goods or services or both shall be the transaction value, which is the price actually paid or payable for the said supply of goods or services or both where the supplier and the recipient of the supply are not related and the price is the sole consideration for the supply.
(2) The value of supply shall include-
(a) any taxes, duties, cesses, fees and charges levied under any law for the time being in force other than this Act, the State Goods and Services Tax Act, the Union Territory Goods and Services Tax Act and the Goods and Services Tax (Compensation to States) Act, if charged separately by the supplier;
(b) any amount that the supplier is liable to pay in relation to such supply but which has been incurred by the recipient of the supply and not included in the price actually paid or payable for the goods or services or both;
(c) incidental expenses, including commission and packing, charged by the supplier to the recipient of a supply and any amount charged for anything done by the supplier in respect of the supply of goods or services or both at the time of, or before delivery of goods or supply of services;
(d) interest or late fee or penalty for delayed payment of any consideration for any supply; and
(e) subsidies directly linked to the price excluding subsidies provided by the Central Government and State Governments.
Explanation.-For the purposes of this sub-section, the amount of subsidy shall be included in the value of supply of the supplier who receives the subsidy.
(3) The value of the supply shall not include any discount which is given-
(a) before or at the time of the supply if such discount has been duly recorded in the invoice issued in respect of such supply; and
1[(b) after the supply has been effected, if for such discount, a credit note has been issued by the supplier and input tax credit as is attributable to such discount has been reversed by the recipient of the supply, in accordance with the provisions of section 34.]
(i) such discount is established in terms of an agreement entered into at or before the time of such supply and specifically linked to relevant invoices; and
(ii) input tax credit as is attributable to the discount on the basis of document issued by the supplier has been reversed by the recipient of the supply.
(4) where the value of the supply of goods or services or both cannot be determined under sub-section (1), the same shall be determined in such manner as may be prescribed.
(5) Notwithstanding anything contained in sub-section (1) or sub-section (4), the value of such supplies as may be notified by the Government on the recommendations of the Council shall be determined in such manner as may be prescribed.
Explanation. - For the purposes of this Act,-
(a) persons shall be deemed to be "related persons" if-
(i) such persons are officers or directors of one another's businesses;
(ii) such persons are legally recognised partners in business;
(iii) such persons are employer and employee;
(iv) any person directly or indirectly owns, controls or holds twenty-five per cent. or more of the outstanding voting stock or shares of both of them;
(v) one of them directly or indirectly controls the other;
(vi) both of them are directly or indirectly controlled by a third person;
(vii) together they directly or indirectly control a third person; or
(viii) they are members of the same family;
(b) the term "person" also includes legal persons;
(c) persons who are associated in the business of one another in that one is the sole agent or sole distributor or sole concessionaire, howsoever described, of the other, shall be deemed to be related.
*Enforced w.e.f. 1st July, 2017.
1. Substituted (w.e.f. yet to be notified) by section 153 of The Finance Act, 2026 No. 4 of 2026 dated 30.03.2026.
Not yet in force. Footnote 1 records a change with effect from a date yet to be notified: Substituted (w.e.f. yet to be notified) by section 153 of The Finance Act, 2026 No. 4 of 2026 dated 30.03.2026.. This page follows the text as the CBIC portal serves it.
15(1)Transaction value conditions
The value of a supply of goods or services or both shall be the transaction value, which is the price actually paid or payableSection 15(1)
Supplier and recipient must be unrelated, and price must be the sole consideration. The related-person Explanation supplies the relationship tests. The law does not settle when price ceases to be the sole consideration.
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15(2)(a) to (e) and ExplanationMandatory additions
The value of supply shall include- (a) any taxes, duties, cesses, fees and charges levied under any law for the time being in forceSection 15(2)(a) to (e) and Explanation
Separately charged levies are included except those under this Act, the State and Union Territory GST Acts and the Compensation to States Act. Supplier-liable costs borne by the recipient outside the price, incidental expenses and charges for things done at or before delivery or service supply are included. Add delayed-consideration interest, late fee or penalty and price-linked subsidies other than Central or State Government subsidies. A subsidy enters the value of the supplier receiving it.
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Sub-section (3)
15(3)(a)Discount at or before supply
The value of the supply shall not include any discount which is given- (a) before or at the time of the supply if such discount has been duly recorded in the invoice issued in respect of such supplySection 15(3)(a)
The discount must be given before or at supply and appear in that supply's invoice. This exclusion differs from the conditions for discounts given after supply.
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15(3)(b)(i) and (ii)Current post-supply discount conditions
such discount is established in terms of an agreement entered into at or before the time of such supply and specifically linked to relevant invoicesSection 15(3)(b)(i) and (ii)
The agreement must exist at or before supply, the discount must link specifically to relevant invoices, and the recipient must reverse attributable credit on the supplier's document. The proposed credit-note and section 34 wording in the substituted clause remains pending under footnote 1.
15(4)Prescribed fallback
where the value of the supply of goods or services or both cannot be determined under sub-section (1), the same shall be determined in such manner as may be prescribed.Section 15(4)
The fallback depends on inability to determine value under sub-section (1). It remains subject to the overriding notified-supply rule in sub-section (5).
15(5)Overriding notified valuation
Notwithstanding anything contained in sub-section (1) or sub-section (4), the value of such supplies as may be notified by the Government on the recommendations of the Council shall be determined in such manner as may be prescribed.Section 15(5)
Sub-section (5) overrides both transaction value and the general prescribed fallback. The Government must notify the supplies on the Council's recommendations, and their valuation follows the prescribed manner.
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15, Explanation (a)(i) to (viii)Related-person tests
persons shall be deemed to be "related persons" ifSection 15, Explanation (a)(i) to (viii)
The tests cover officers or directors of each other's businesses, recognised business partners, employer and employee, and common ownership, control or holding of at least twenty-five per cent. of voting stock or shares. They also cover one controlling the other, common third-person control, joint control of a third person, and membership of the same family. These tests govern the unrelated-party condition in sub-section (1).
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15, Explanation (b)Legal persons
the term "person" also includes legal personsSection 15, Explanation (b)
Legal persons fall within the term used for this Act. The relationship tests therefore use that expanded expression.
15, Explanation (c)Sole business association
persons who are associated in the business of one another in that one is the sole agent or sole distributor or sole concessionaire, howsoever described, of the other, shall be deemed to be related.Section 15, Explanation (c)
A sole-agent, sole-distributor or sole-concessionaire business association creates the stated related-person deeming. The description used for that arrangement does not alter the test.
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Frequently asked questions
When does transaction value apply?
It applies where the parties are not related and price is the sole consideration. Value uses the price actually paid or payable, with the section's additions and discount conditions.
Section 15(1)
Can notified supplies use a valuation rule overriding transaction value?
Yes. Sub-section (5) overrides sub-sections (1) and (4) for supplies notified on the Council's recommendations. Their value follows the prescribed manner.
Section 15(5)
Is the 2026 post-supply discount substitution already operative?
No. Footnote 1 makes its effective date subject to notification, so it remains pending. The earlier agreement, invoice-linkage and credit-reversal conditions continue.
Section 15(3)(b)
When is price not the sole consideration?
The law does not settle the test for when price is not the sole consideration. Sub-section (1) requires sole consideration, and sub-section (4) supplies prescribed valuation when value cannot be determined under it.
Section 15(1) and 15(4)
Amendment history
The CBIC text carries 1 footnote. The table gives each in the source's own terms. Effective dates are as the footnotes state them.[1]
| Note | Change |
|---|---|
| 1 | Substituted (w.e.f. yet to be notified) by section 153 of The Finance Act, 2026 No. 4 of 2026 dated 30.03.2026.[2] |
Relationship with other provisions
| Provision | Connection | Words that tie them |
|---|---|---|
| Section 9 | Section 9 requires this provision | 9(1) "on the value determined under section 15" |
| Section 34 | 15(3)(b) requires Section 34 | 15(3)(b) "in accordance with the provisions of section 34" |
| Section 20 of the IGST Act, 2017 | 15 valuation for integrated tax read with Section 20 of the IGST Act, 2017 third proviso | IGST 20(iii) "time and value of supply"; third proviso "other than this Act" |
Circulars and notifications
Circulars and notifications in the CBIC repository that cite this section, newest first, by number, date and subject. A listing here does not say what an instrument decides; read the instrument.
Circulars (19)
| Number | Date | Subject |
|---|---|---|
| Circular No. 253/10/2025-GST | 1 October 2025 | Regarding withdrawal of circular No. 212/6/2024-GST. |
| Circular No. 212/06/2024-GST | 26 June 2024 | Clarification on mechanism for providing evidence of compliance of conditions of Section 15(3)(b)(ii) of the CGST Act, 2017 by the suppliers withdrawn by a later instrument |
| Circular No. 221/15/2024-GST | 26 June 2024 | Time of supply on Annuity Payments under HAM Projects |
| Circular No. 204/16/2023-GST | 27 October 2023 | Clarification on issues pertaining to taxability of personal guarantee and corporate guarantee in GST |
| Circular No. 199/11/2023-GST | 17 July 2023 | Clarification regarding taxability of services provided by an office of an organisation in one State to the office of that organisation in another State, both being distinct persons |
| Circular No. 190/02/2023-GST | 13 January 2023 | clarification regarding GST rates and classification of certain services. |
| Circular No. 186/18/2022-GST | 27 December 2022 | Clarification on various issue pertaining to GST |
| Circular No. 125/44/2019-GST | 18 November 2019 | Seeks to clarify the fully electronic refund process through FORM GST RFD-01 and single disbursement. amended by a later instrument |
| Circular No. 102/21/2019-GST | 28 June 2019 | Clarification regarding applicability of GST on additional / penal interest-reg |
| Circular No. 105/24/2019-GST | 28 June 2019 | Clarification on various doubts related to treatment of secondary or post-sales discounts under GST - reg. withdrawn by a later instrument |
| Circular No. 92/11/2019-GST | 7 March 2019 | Circular clarifying various doubts related to treatment of sales promotion scheme under GST |
| Corrigendum dated 7 Mar 2019 (Corrigendum to Circular No. 76/50/2018-GST) | 7 March 2019 | Corrigendum to Circular No. 76/50/2018-GST |
| Circular No. 88/07/2019-GST | 1 February 2019 | Seeks to make amendments in the earlier issued circulars in wake of amendments in the CGST Act, 2017 (which shall come into force w.e.f. 01.02.2019). |
| Circular No. 76/50/2018-GST | 31 December 2018 | Clarification on certain issues (sale by government departments to unregistered person; leviability of penalty under section 73(11) of the CGST Act; rate of tax in case of debit notes / credit notes issued under section 142(2) of the CGST Act; applicability of notification No. 50/2018-Central Tax; valuation methodology in case of TCS under Income Tax Act and definition of owner of goods) related to GST |
| Circular No. 73/47/2018-GST | 5 November 2018 | Scope of principal and agent relationship under Schedule I of CGST Act, 2017 in the context of del-credre agent. |
| Circular No. 47/21/2018-GST | 8 June 2018 | Clarifications of certain issues under GST. |
| Circular No. 38/12/2018-GST | 26 March 2018 | Clarifications on issues related to Job Work. |
| Circular No. 37/11/2018-GST | 15 March 2018 | Clarifications on exports related refund issues. Rescinded vide Circular No. 125/44/2019 - GST dated 18.11.2019. rescinded by a later instrument |
| Circular No. 27/01/2018-GST | 4 January 2018 | Clarifications regarding levy of GST on accommodation services, betting and gambling in casinos, horse racing, admission to cinema, homestays, printing, legal services etc. |
Notifications (118)
| Number | Date | Subject |
|---|---|---|
| Notification No. 01/2026-Central Tax (Rate) | 30 April 2026 | Seeks to amend Notification No 9/2025 - Central tax (Rate) to align them with changes made vide Finance Act, 2026 (as updated vide Corrigendum dated 06.05.2026) |
| Notification No. 01/2026-Integrated Tax (Rate) | 30 April 2026 | Seeks to amend Notification No 9/2025 - Integrated tax (Rate) to align them with changes made vide Finance Act, 2026 (as updated vide Corrigendum dated 06.05.2026) made under this section |
| Notification No. 01/2026-Union Territory Tax (Rate) | 30 April 2026 | Seeks to amend Notification No 9/2025 - Union Territory tax (Rate) to align them (as updated vide Corrigendum dated 06.05.2026) made under this section |
| Notification No. 19/2025-Central Tax (Rate) | 31 December 2025 | Seeks to amend Notification 09/2025- Central Tax (Rate), to prescribe GST rates on tobacco products. made under this section |
| Notification No. 19/2025-Central Tax | 31 December 2025 | Seeks to notify supplies under section 15(5) of CGST Act for valuation based on Retail sale price (RSP) made under this section |
| Notification No. 19/2025-Integrated Tax (Rate) | 31 December 2025 | Seeks to amend Notification 09/2025- Integrated Tax (Rate), to prescribe GST rates on tobacco products. made under this section |
| Notification No. 19/2025-Union Territory Tax (Rate) | 31 December 2025 | Seeks to amend Notification 09/2025- Integrated Tax (Rate), to prescribe GST rates on tobacco products. made under this section |
| Notification No. 09/2025-Central Tax (Rate) | 17 September 2025 | Seeks to supersede Notification No. 1/2017- Central Tax (Rate) dated 28.06.2017. amended by a later instrument made under this section |
| Notification No. 14/2025-Central Tax (Rate) | 17 September 2025 | Seeks to notify GST rate for bricks. made under this section |
| Notification No. 15/2025-Central Tax (Rate) | 17 September 2025 | Seeks to amend Notification No 11/2017 - Central Tax (Rate) dated 28th June, 2017 to implement the recommendations of the 56th GST Council. made under this section |
| Notification No. 16/2025-Central Tax (Rate) | 17 September 2025 | Seeks to amend Notification No 12/2017-Central Tax (Rate dated 28th June, 2017 to implement the recommendations of the 56th GST Council. made under this section |
| Notification No. 09/2025-Integrated Tax (Rate) | 17 September 2025 | Seeks to supersede Notification No. 1/2017- -Integrated Tax (Rate) dated 28.06.2017. amended by a later instrument made under this section |
| Notification No. 14/2025-Integrated Tax (Rate) | 17 September 2025 | Seeks to notify GST rate for bricks. made under this section |
| Notification No. 09/2025-Union Territory Tax (Rate) | 17 September 2025 | Seeks to supersede Notification No. 1/2017- Union Territory Tax (Rate) dated 28.06.2017. amended by a later instrument made under this section |
| Notification No. 14/2025-Union Territory Tax (Rate) | 17 September 2025 | Seeks to notify GST rate for bricks. made under this section |
| Notification No. 01/2025-Central Tax (Rate) | 16 January 2025 | Seeks to amend Notification no. 01/2017- Central Tax (Rate) made under this section |
| Notification No. 05/2025-Central Tax (Rate) | 16 January 2025 | Seeks to amend Notification No 11/2017 - Central Tax (Rate) dated 28th June, 2017 to implement the recommendations of the 55th GST Council. made under this section |
| Notification No. 06/2025-Central Tax (Rate) | 16 January 2025 | Seeks to amend Notification No 12/2017-Central Tax (Rate dated 28th June, 2017 to implement the recommendations of the 55th GST Council. made under this section |
| Notification No. 05/2024-Central Tax (Rate) | 8 October 2024 | Seeks to amend Notification No. 1/2017- Central Tax (Rate) dated 28.06.2017. made under this section |
| Notification No. 07/2024-Central Tax (Rate) | 8 October 2024 | Seeks to amend Notification No 11/2017-Central Tax (Rate) dated 28.06.2017 made under this section |
| Notification No. 08/2024-Central Tax (Rate) | 8 October 2024 | Seeks to amend Notification No 12/2017-Central Tax (Rate) dated 28.06.2017 made under this section |
| Notification No. 02/2024-Central Tax (Rate) | 12 July 2024 | Seeks to amend notification No. 1/2017- Central Tax (Rate) made under this section |
| Notification No. 04/2024-Central Tax (Rate) | 12 July 2024 | Seeks to amend Notification No 12/2017- Central Tax (Rate) dated 28.06.2017. made under this section |
| Notification No. 01/2024-Central Tax (Rate) | 3 January 2024 | Seeks to amend Notification No 01/2017- Central Tax (Rate) dated 28.06.2017. made under this section |
| Notification No. 12/2023-Central Tax (Rate) | 19 October 2023 | Seeks to amend Notification No 11/2017- Central Tax (Rate) dated 28.06.2017. made under this section |
| Notification No. 13/2023-Central Tax (Rate) | 19 October 2023 | Seeks to amend Notification No 12/2017- Central Tax (Rate) dated 28.06.2017. made under this section |
| Notification No. 17/2023-Central Tax (Rate) | 19 October 2023 | Seeks to amend Notification No 01/2017- Central Tax (Rate) dated 28.06.2017. made under this section |
| Notification No. 11/2023-Central Tax (Rate) | 29 September 2023 | Seeks to amend Notification No 01/2017- Central Tax (Rate) dated 28.06.2017. made under this section |
| Notification No. 49/2023-Central Tax | 29 September 2023 | Seeks to notify supply of online money gaming, supply of online gaming other than online money gaming and supply of actionable claims in casinos under section 15(5) of CGST Act amended by a later instrument made under this section |
| Notification No. 38/2023-Central Tax | 4 August 2023 | Seeks to make amendments (Second Amendment , 2023) to the CGST Rules, 2017. |
| Notification No. 06/2023-Central Tax (Rate) | 26 July 2023 | Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to notify change in GST with regards to services as recommended by GST Council in its 50th meeting held on 11.07.2023. made under this section |
| Notification No. 07/2023-Central Tax (Rate) | 26 July 2023 | Seeks to amend notification No. 12/2017- Central Tax (Rate) so as to notify change in GST with regards to services as recommended by GST Council in its 50th meeting held on 11.07.2023. made under this section |
| Notification No. 09/2023-Central Tax (Rate) | 26 July 2023 | Seeks to amend No. 01/2017- Central Tax (Rate) to implement the decisions of 50th GST Council. made under this section |
| Notification No. 09/2023-Integrated Tax (Rate) | 26 July 2023 | Seeks to amend No. 01/2017- Integrated Tax (Rate) to implement the decisions of 50th GST Council. made under this section |
| Notification No. 09/2023-Union Territory Tax (Rate) | 26 July 2023 | Seeks to amend No. 01/2017- Union Territory Tax (Rate) to implement the decisions of 50th GST Council. made under this section |
| Notification No. 05/2023-Central Tax (Rate) | 9 May 2023 | Seeks to amend notification No. 11/2017- Central Tax (Rate) dated 28.06.2017 so as to to extend last date for exercise of option by GTA to pay GST under forward charge. made under this section |
| Notification No. 01/2023-Central Tax (Rate) | 28 February 2023 | Seeks to amend notification No. 12/2017- Central Tax (Rate) so as to notify change in GST with regards to services as recommended by GST Council in its 49th meeting held on 18.02.2023. made under this section |
| Notification No. 03/2023-Central Tax (Rate) | 28 February 2023 | Seeks to amend notification no. 1/2017-Central Tax (Rate), dated 28.06.2017 made under this section |
| Notification No. 12/2022-Central Tax (Rate) | 30 December 2022 | Seeks to amend notification No. 1/2017- Central Tax (Rate) made under this section |
| Notification No. 15/2022-Central Tax (Rate) | 30 December 2022 | Seeks to amend notification No. 12/2017- Central Tax (Rate) made under this section |
| Notification No. 12/2022-Integrated Tax (Rate) | 30 December 2022 | Seeks to amend notification No. 1/2017- Integrated Tax (Rate) made under this section |
| Notification No. 12/2022-Union Territory Tax (Rate) | 30 December 2022 | Seeks to amend notification No. 1/2017- Union Territory Tax (Rate) made under this section |
| Notification No. 19/2022-Central Tax | 28 September 2022 | Seeks to make amendments (Second Amendment, 2022) to the CGST Rules, 2017. |
| Notification No. 03/2022-Central Tax (Rate) | 13 July 2022 | Seeks to amend Notification No 11/2017- Central Tax (Rate) dated 28.06.2017 made under this section |
| Notification No. 04/2022-Central Tax (Rate) | 13 July 2022 | Seeks to amend Notification No 12/2017- Central Tax (Rate) dated 28.06.2017 made under this section |
| Notification No. 06/2022-Central Tax (Rate) | 13 July 2022 | Seeks to amend notification No. 1/2017- Central Tax (Rate) made under this section |
| Notification No. 21/2021-Central Tax (Rate) | 31 December 2021 | Seeks to supersede notification 14/2021- CT(R) dated 18.11.2021 and amend Notification No 1/2017- CT (Rate) dated 28.06.2017. made under this section |
| Notification No. 22/2021-Central Tax (Rate) | 31 December 2021 | Seeks to supersede notification 15/2021- CT(R) dated 18.11.2021 and amend Notification No 11/2017- CT (Rate) dated 28.06.2017. made under this section |
| Notification No. 21/2021-Integrated Tax (Rate) | 31 December 2021 | Seeks to supersede notification 14/2021- IT(R) dated 18.11.2021 and amend Notification No 1/2017- Integrated Tax (Rate) dated 28.06.2017. made under this section |
| Notification No. 21/2021-Union Territory Tax (Rate) | 31 December 2021 | Seeks to supersede notification 14/2021- UTT(R) and amend Notification No 1/2017- Union territory Tax (Rate) dated 28.06.2017. made under this section |
| Notification No. 18/2021-Central Tax (Rate) | 28 December 2021 | Seeks to amend Notification No 1/2017- Central Tax (Rate) dated 28.06.2017. made under this section |
| Notification No. 18/2021-Integrated Tax (Rate) | 28 December 2021 | Seeks to amend Notification No 1/2017- Integrated Tax (Rate) dated 28.06.2017. made under this section |
| Notification No. 18/2021-Union Territory Tax (Rate) | 28 December 2021 | Seeks to amend Notification No 1/2017- Union territory Tax (Rate) dated 28.06.2017 made under this section |
| Notification No. 14/2021-Central Tax (Rate) | 18 November 2021 | Seeks to further amend notification No. 01/2021-Central Tax (Rate) dated 28-06-2017 superseded by a later instrument made under this section |
| Notification No. 15/2021-Central Tax (Rate) | 18 November 2021 | Seeks to amend Notification No 11/2017- Central Tax (Rate) dated 28.06.2017. superseded by a later instrument made under this section |
| Notification No. 16/2021-Central Tax (Rate) | 18 November 2021 | Seeks to amend Notification No 12/2017- Central Tax (Rate) dated 28.06.2017. made under this section |
| Notification No. 14/2021-Integrated Tax (Rate) | 18 November 2021 | Seeks to further amend notification No. 01/2017-Integrated Tax (Rate) dated 28-06-2017. superseded by a later instrument made under this section |
| Notification No. 14/2021-Union Territory Tax (Rate) | 18 November 2021 | Seeks to further amend notification No. 01/2017-Union Territory Tax (Rate) dated 28-06-2017. superseded by a later instrument made under this section |
| Notification No. 13/2021-Central Tax (Rate) | 27 October 2021 | Seeks to amend Notification No 1/2017- Central Tax (Rate) dated 28.06.2017. made under this section |
| Notification No. 13/2021-Integrated Tax (Rate) | 27 October 2021 | Seeks to amend Notification No 1/2017- Integrated Tax (Rate) dated 28.06.2017. made under this section |
| Notification No. 13/2021-Union Territory Tax (Rate) | 27 October 2021 | Seeks to amend Notification No 1/2017- Union territory Tax (Rate) dated 28.06.2017. made under this section |
| Notification No. 06/2021-Central Tax (Rate) | 30 September 2021 | Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to notify CGST rates of various services as recommended by GST Council in its 45th meeting held on 17.09.2021. made under this section |
| Notification No. 07/2021-Central Tax (Rate) | 30 September 2021 | Seeks to amend notification No. 12/2017- Central Tax (Rate) so as to implement recommendations made by GST Council in its 45th meeting held on 17.09.2021. made under this section |
| Notification No. 08/2021-Central Tax (Rate) | 30 September 2021 | Seeks to amend notification No. 1/2017- Central Tax (Rate) made under this section |
| Notification No. 08/2021-Integrated Tax (Rate) | 30 September 2021 | Seeks to amend notification No. 1/2017- Integrated Tax (Rate) made under this section |
| Notification No. 08/2021-Union Territory Tax (Rate) | 30 September 2021 | Seeks to amend notification No. 1/2017- Union territory Tax (Rate) made under this section |
| Notification No. 04/2021-Central Tax (Rate) | 14 June 2021 | Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to notify GST rates of various services as recommended by GST Council in its 44th meeting held on 12.06.2021. made under this section |
| Notification No. 01/2021-Central Tax (Rate) | 2 June 2021 | Seeks to amend notification No. 1/2017-Central Tax (Rate) to prescribe change in CGST rate of goods. amended by a later instrument made under this section |
| Notification No. 02/2021-Central Tax (Rate) | 2 June 2021 | Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to notify CGST rates of various services as recommended by GST Council in its 43rd meeting held on 28.05.2021. made under this section |
| Notification No. 01/2021-Integrated Tax (Rate) | 2 June 2021 | Seeks to amend notification No. 1/2017- Integrated Tax (Rate) to prescribe change in CGST rate of goods. made under this section |
| Notification No. 01/2021-Union Territory Tax (Rate) | 2 June 2021 | Seeks to amend notification No. 1/2017- Union Territory Tax (Rate) to prescribe change in CGST rate of goods. made under this section |
| Notification No. 05/2020-Central Tax (Rate) | 16 October 2020 | To amend notification No. 12/ 2017- Central Tax (Rate) so as to exempt satellite launch services provided by ISRO, Antrix Co. Ltd and NSIL as recommended by GST Council in its 42nd meeting held on 05.10.2020. made under this section |
| Notification No. 04/2020-Central Tax (Rate) | 30 September 2020 | Extension of CGST exemption on services by way of transportation of goods by air or by sea from customs station of clearance in India to a place outside India, by one year i.e. upto 30.09.2021. made under this section |
| Notification No. 02/2020-Central Tax (Rate) | 26 March 2020 | Seeks to amend Notification No. 11/2017-Central Tax (Rate) dt. 28.06.2017 reducing CGST rate on Maintenance, Repair and Overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC made under this section |
| Notification No. 03/2020-Central Tax (Rate) | 25 March 2020 | Seeks to amend notification No. 1/2017-Central Tax (Rate) to prescribe change in CGST rate of goods. made under this section |
| Notification No. 03/2020-Integrated Tax (Rate) | 25 March 2020 | Seeks to amend notification No. 1/2017-Union Territory Tax (Rate) to prescribe change in UTGST rate of goods made under this section |
| Notification No. 03/2020-Union Territory Tax (Rate) | 25 March 2020 | Seeks to amend notification No. 1/2017-Integreated Tax (Rate) to prescribe change in IGST rate of goods. made under this section |
| Notification No. 01/2020-Central Tax (Rate) | 21 February 2020 | Seeks to amend notification No. 1/2017- Central Tax (Rate) dated 28.06.2017 so as to notify rate of GST on supply of lottery. made under this section |
| Notification No. 01/2020-Integrated Tax (Rate) | 21 February 2020 | Seeks to amend notification No. 1/2017- Integrated Tax (Rate) dated 28.06.2017 so as to notify rate of GST on supply of lottery. made under this section |
| Notification No. 01/2020-Union Territory Tax (Rate) | 21 February 2020 | Seeks to amend notification No. 1/2017- Union Territory Tax (Rate) dated 28.06.2017 so as to notify rate of GST on supply of lottery. made under this section |
| Notification No. 28/2019-Central Tax (Rate) | 31 December 2019 | To amend notification No. 12/ 2017- Central Tax (Rate) so as to exempt certain services as recommended by GST Council in its 38th meeting held on 18.12.2019. made under this section |
| Notification No. 27/2019-Central Tax (Rate) | 30 December 2019 | Seeks to further amend notification No. 01/2017-Central Tax (Rate), to change the rate of GST on goods as per recommendations of the GST Council in its 38th Meeting. made under this section |
| Notification No. 26/2019-Integrated Tax (Rate) | 30 December 2019 | Seeks to further amend notification No. 01/2017-Integrated Tax (Rate), to change the rate of GST on goods as per recommendations of the GST Council in its 38th Meeting. made under this section |
| Notification No. 27/2019-Union Territory Tax (Rate) | 30 December 2019 | Seeks to further amend notification No. 01/2017-Union Territory Tax (Rate), to change the rate of GST on goods as per recommendations of the GST Council in its 38th Meeting. made under this section |
| Notification No. 14/2019-Central Tax (Rate) | 30 September 2019 | Seeks to amend notification No 1/2017- Central Tax (Rate) dated 28.6.2017 so as to specify effective CGST rates for specified goods, to give effect to the recommendations of the GST Council in its 37th meeting dated 20.09.2019. made under this section |
| Notification No. 20/2019-Central Tax (Rate) | 30 September 2019 | Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to notify CGST rates of various services as recommended by GST Council in its 37th meeting held on 20.09.2019. made under this section |
| Notification No. 14/2019-Integrated Tax (Rate) | 30 September 2019 | Seeks to amend notification No 1/2017- Integrated Tax dated 28.6.2017 so as to specify effective IGST rates for specified goods, to give effect to the recommendations of the GST Council in its 37th meeting dated 20.09.2019. made under this section |
| Notification No. 14/2019-Union Territory Tax (Rate) | 30 September 2019 | Seeks to amend notification No 1/2017- Union territory Tax (Rate) dated 28.6.2017 so as to specify effective UTGST rates for specified goods, to give effect to the recommendations of the GST Council in its 37th meeting dated 20.09.2019. made under this section |
| Notification No. 12/2019-Central Tax (Rate) | 31 July 2019 | which seeks to reduce the GST rate on Electric Vehicles, and charger or charging stations for Electric vehicles . made under this section |
| Notification No. 12/2019-Integrated Tax (Rate) | 31 July 2019 | which seeks to reduce the GST rate on Electric Vehicles, and charger or charging stations for Electric vehicles. made under this section |
| Notification No. 12/2019-Union Territory Tax (Rate) | 31 July 2019 | which seeks to reduce the GST rate on Electric Vehicles, and charger or charging stations for Electric vehicles. made under this section |
| Notification No. 10/2019-Central Tax (Rate) | 10 May 2019 | To amend notification No. 11/ 2017- Central Tax (Rate) so as to extend the last date for exercising the option by promoters to pay tax at the old rates of 12%/ 8% with ITC made under this section |
| Notification No. 03/2019-Central Tax (Rate) | 29 March 2019 | Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to notify CGST rates of various services as recommended by Goods and Services Tax Council for real estate sector. made under this section |
| Notification No. 04/2019-Central Tax (Rate) | 29 March 2019 | Seeks to amend notification No. 12/2017- Central Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council for real estate sector. |
| Notification No. 08/2019-Central Tax (Rate) | 29 March 2019 | Seeks to amend notification No. 1/2017- Central Tax (Rate) so as to notify CGST rate of certain goods as recommended by Goods and Services Tax Council for real estate sector. made under this section |
| Notification No. 08/2019-Integrated Tax (Rate) | 29 March 2019 | Seeks to amend notification No. 1/2017- Integrated Tax (Rate) so as to notify IGST rate of certain goods as recommended by Goods and Services Tax Council for real estate sector. made under this section |
| Notification No. 08/2019-Union Territory Tax (Rate) | 29 March 2019 | Seeks to amend notification No. 1/2017- Union Territory Tax (Rate) so as to notify UTGST rate of certain goods as recommended by Goods and Services Tax Council for real estate sector. made under this section |
| Notification No. 24/2018-Central Tax (Rate) | 31 December 2018 | Seeks to further amend notification No. 1/2017-Central Tax (Rate) dated 28.06.2017 to change GST rates on goods as per recommendations of the GST Council in its 31st meeting. made under this section |
| Notification No. 27/2018-Central Tax (Rate) | 31 December 2018 | Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to notify CGST rates of various services as recommended by Goods and Services Tax Council in its 31st meeting held on 22.12.2018. made under this section |
| Notification No. 74/2018-Central Tax | 31 December 2018 | Fourteenth amendment to the CGST Rules, 2017. amended by a later instrument |
| Notification No. 25/2018-Integrated Tax (Rate) | 31 December 2018 | Seeks to further amend notification No. 1/2017-Integrated Tax (Rate) dated 28.06.2017 to change GST rates on goods as per recommendations of the GST Council in its 31st meeting. made under this section |
| Notification No. 24/2018-Union Territory Tax (Rate) | 31 December 2018 | Seeks to further amend notification No. 1/2017-Union Territory Tax (Rate) dated 28.06.2017 to change GST rates on goods as per recommendations of the GST Council in its 31st meeting. made under this section |
| Notification No. 49/2018-Central Tax | 13 September 2018 | Notification amending the CGST Rules, 2017 (Tenth Amendment Rules, 2018). |
| Notification No. 13/2018-Central Tax (Rate) | 26 July 2018 | Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to notify CGST rates of various services as recommended by Goods and Services Tax Council in its 28th meeting held on 21.07.2018. made under this section |
| Notification No. 14/2018-Central Tax (Rate) | 26 July 2018 | Seeks to amend notification No. 12/2017- Central Tax (Rate) so as to exempt certain services as recommended by Goods and Services Tax Council in its 28th meeting held on 21.07.2018 |
| Notification No. 26/2018-Central Tax | 13 June 2018 | Seeks to make amendments (Fifth Amendment, 2018) to the CGST Rules, 2017. |
| Notification No. 12/2018-Central Tax | 7 March 2018 | Second Amendment (2018) to CGST Rules |
| Notification No. 01/2018-Central Tax (Rate) | 25 January 2018 | Seeks to amend notification No. 11/2017- Central Tax (Rate) so as to notify CGST rates of various services as recommended by Goods and Services Tax Council in its 25th meeting held on 18.01.2018. made under this section |
| Notification No. 03/2018-Central Tax | 23 January 2018 | First Amendment 2018, to CGST Rules |
| Notification No. 46/2017-Central Tax (Rate) | 14 November 2017 | Seeks to amend notification No. 11/2017-CT(R) so as to specify rate @ 2.5% for standalone restaurants and @9% for other restaurants, reduce rate of job work on "handicraft goods" @ 2.5% and to substitute "Services provided" in item (vi) against Sl No. 3 in table. made under this section |
| Notification No. 31/2017-Central Tax (Rate) | 13 October 2017 | Seeks to amend notification No. 11/2017-CT(R). made under this section |
| Notification No. 24/2017-Central Tax (Rate) | 21 September 2017 | Seeks to amend notification No. 11/2017-CT(R) to reduce CGST rate on specified supplies of Works Contract Services. made under this section |
| Notification No. 20/2017-Central Tax (Rate) | 22 August 2017 | Seeks to amend notification No. 11/2017-CT(R) to reduce CGST rate on specified supplies of Works Contract Services, job work for textile & textile products, printing service of books, newspapers etc, admission to planetarium, and, also to provide option to GTA & transport of passengers by motorcab service providers to avail full ITC & discharge CGST @ 6% made under this section |
| Notification No. 01/2017-Central Tax (Rate) | 28 June 2017 | CGST Rate Schedule notified under section 9 (1) superseded by a later instrument |
| Notification No. 11/2017-Central Tax (Rate) | 28 June 2017 | To notify the rates for supply of services under CGST Act amended by a later instrument made under this section |
| Notification No. 10/2017-Central Tax | 28 June 2017 | Seeks to amend CGST Rules notification no 3/2017-Central Tax dt 19.06.2017 amended by a later instrument |
| Notification No. 01/2017-Integrated Tax (Rate) | 28 June 2017 | Integrated Goods and Services Tax Act, 2017 (13 of 2017), the Central Government, on the recommendations of the Council, hereby notifies the rate of the integrated tax. superseded by a later instrument |
| Notification No. 01/2017-Union Territory Tax (Rate) | 28 June 2017 | UTGST Rate Schedule notified under section 7 (1) superseded by a later instrument |
Unsettled questions
The words of section 15 do not answer this question. Where one decides a matter on the file, the answer depends on the position taken on it.
- When is the price not the sole consideration? The sub-section requires it but gives no test, and the rules only take over once it fails.
See also
- Section 9 of the CGST Act, 2017: levy and collection
- Section 34 of the CGST Act, 2017: credit and debit notes
- Section 16 of the CGST Act, 2017: eligibility and conditions for taking input tax credit
- Rule 31A of the CGST Rules, 2017: value of supply in case of lottery, betting, gambling and horse racing
References
- Central Board of Indirect Taxes and Customs. "Section 15. Value of Taxable Supply". Central Goods and Services Tax Act, 2017, CBIC tax information portal, with amendment footnotes 1 to 1. Retrieved 17 September 2026.
- The Finance Act, 2026. Cited in CBIC footnote 1.
External links
- CGST Act, 2017, Section 15 on the CBIC tax information portal