Definitions

Rule 2 – Draft-Bills-Reports – GST Valuation Rules – GST Valuation (Determination of the Value of Supply of Goods and Services) Rules, 2016 – Draft June 2016 – Rule 2 – 2. Definitions (1) In these rules, unless the context otherwise requires: (a) "Act" means the IGST Act or the CGST Act or, as the case may be, the SGST Act; (b) goods of like kind and quality means goods which are identical or similar in physical characteristics, quality and reputation as the goods being valued, and pe

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