PPT-Valuation of Goods and/or Services

A detailed analysis under GST regime CA Rubneet Anand BCom MCom Financeamp Taxation MBAFinance amp International Business IMT Ghaziabad carubneetanandgmailcom Assistant Manager Internal Audit amp Indirect. By:. G. . Shivadass. Executive . Partner. Lakshmi. . Kumaran. & . Sridharan. , Attorneys. TOPICS COVERED IN THIS PRESENTATION. Valuation under Customs Law . Transaction Value Method . Import Valuation. Workshop . for Custom Committee, . Almaty, Kazakhstan. 26-29.3.2014. History of . Customs . Valuation. Ad valorem vs specific . Specific. - no determination of the customs value. Example – 1 car - duty 1000USD . VALUATION UNDER CENTRAL EXCISE. COVERAGE. Significance. Basis of Computing duty payable. Central Excise Valuation Rules, 2000. SIGNIFICANCE OF VALUATION. Payable on different criterion. Determine:-. . . ( Custom Law ) . . . INTRODUCTION. Most of the custom duties are ad valorem. So goods have to be valued for purposes of assessment. Normally, the price paid by the importer for the goods imported into India is the value of goods imported. But under the custom act,1962 the concept of value has been treated separately. The duty is payable on the basis of value of goods. Package goods have to be assessed on the basis of their maximum retail price declared on the package in so far as change of countervailing duty is concerned. . The valuation of inventory. Learning objectives. After you have studied this chapter, you should be able to:. Calculate the value of inventory using three different . methods. Explain why using the most appropriate method to value inventory is . CONCEPTUAL FRAMEWORK. Framework:. Dissecting the “Charge”... The Elements... Person Liable . to Pay Tax. Definition of Service. Service means….. Service means. A Person. (Service Provider). Another Person. When to Avoid the Transaction Value?. No sale – no method 1, or. transaction value is not acceptable (e.g. price has been affected by certain conditions. ). The Hierarchy must be kept. Article 1 – Transaction value. Mohd. . . Irshad. Ahmed. Chartered Accountant. Hyderabad. 1. Valuation. VALUATION. Overview. 2. There shall be levied a tax called CGST/SGST/IGST on the value determined under Section 15 - Section 9 (1) (. Current Indirect Tax Regime. Central. Levy. State Levy. Service Tax. Sale Tax/VAT. Custom Duty-BCD CVD SAD. Entertainment. Tax\Luxury Tax. Excise Duty-BED Additional. excise duty. Entry Tax. Central Sale Tax. Would you like to work with the best Valuation in the business? Look no farther than Milton Brooks Valuation. With years in the valuation domain, we are the best organization to go to for all of your valuation requires. Milton Brooks Valuation consultants for Plant and Machinery Valuation Services in Dubai & Business valuation services in Dubai having experience of Dubai & UAE company valuation services. Looking for Residential & Property Valuation Services in Dubai, UAE city Milton Brooks Valuation offers property valuation services for real value of property based on marketplace. KOLKATA - CHANDIGARH - GURGAON – ALLAHABAD - LONDON. N.MATHIVANAN Principal Partner. GST . Impact of GST on manufacturing sector. AGENDA. . Introduction to CGST, IGST, Compensation Cess, UTGST Act, 2017. 2. nd. RSTC Consultation, . Nadi. . February 15 – 17 2021. Content. Introduction . Incorporation of EGS into current projects. Moving forward with EGS. Recommendations . Introduction - Decisions on EGS .