GST Valuation rules flowchart
GST valuation rules are recently released. In this article we have prepared GST valuation rules flow chart. These rules are helpful in deciding the value of a supply. GST levy refers the section 15 for valuation and in normal cases the taxable value is transaction value. But in some cases we will have to refer the rules.
![GST Valuation rules Flowchart](http://consultease.com/wp-content/uploads/2017/04/Valuation-rules-Flowchart-1-pdf.jpg)
Main provisions covered in these rules are:
Value of supply of goods or services or both
- where the consideration is not wholly in money
- between distinct or related persons, other than through an agent
- Based on cost
- Residual method for determination of value of supply of goods or services or both