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THE GOA VALUE ADDED TAX RULES, 2005
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Body 4B Regarding determination of fair market price.-

For determination of the fair market price under section 18, the Appropriate Assessing Authority or the officer authorised by the Commissioner, shall compare the market price of the goods, in case of a manufacturer, with the price being charged by other manufacturers and in the case of a wholesaler, with the price being charged by other wholesalers and in the case of a retailer, with the price being charged by other retailers.