In simple words, Goods and Service Tax that will be charged on the value of supply made is known as Valuation of Supply under GST. The rules will determine the charging value for GST. The rules are hosted on CBEC’s portal.
Composition Rules are strict, rigid and to the point for the person to understand and avail the benefits of the Composition Scheme. Therefore, any person who opts for the scheme will be considered as opting for all the places of business, registered under the same PAN.