GST rules: One leg still stuck in old taxes

After the GST rules were released, many stakeholders are curious to know how the valuation rules would shape up under GST, especially how the stock transfer of goods would be dealt with. Previously, Central excise ‎duty on stock transfers was calculated on the base of ‘cost of goods plus 10 per cent’ which seemed to be the possible valuation methodology under GST too. However, the revised valuatio…