GST Valuation rules released
GST Valuation rules are released. These rules contains the provisions for determination of value of a supply in various scenarios.
![thumbnail of gst-31.03.17-valuation-rules](http://consultease.com/wp-content/uploads/2017/04/gst-31.03.17-valuation-rules-pdf.jpg)
The major provisions covered in GST valuation rules are:
- Valueof supply of goods or services where the consideration is not wholly in money
- Value of supply of goods or services or both between distinct or related persons, other than through an agent
- Valueofsupply of goods made or received through an agent
- Value of supply of goods or services or both based on cost
- Residual method for determination of value of supply of goods or services or both
- Determination of value in respect of certain supplies
- Value of supply of services in case of pure agent
- Rate of exchange of currency, other than Indian rupees, for determination of value