Is reference to Valuation Rules required in all cases?
Question 5
Bill
Valuation in GST
FAQ on GST dated 21.9.2016 based on Draft Model GST
Q 5. Is reference to Valuation Rules required in all cases?
Ans. No. Reference to Valuation Rules is required only in cases listed under section 15(4) i.e., where consideration payable is not money, or parties to the transaction are related.
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Statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation
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