Goods and Services Tax – Started By: – arun aggarwal – Dated:- 6-4-2017 Last Replied Date:- 14-4-2017 – Sir I would like to knows the procedure of valuation under GST regime as compare to the excise rules of today, in the case where intermidate goods manufactured and supplies to a related firm and valuation done as per CAS 4 and charged accordingly. Tnx – Reply By MARIAPPAN GOVINDARAJAN – The Reply = No clear picture in GST in this regard. – Reply By arun aggarwal – The Reply = Tnxand lets wait for the clarification in this regard.Arun – Reply By Rajagopalan Ranganathan – The Reply = Sir, According to Section 15 (1) of CGST Act, 2017 the value of a supply of goods or services or both shall be the transaction value, which is the price actua
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of Draft Rules dated 31-3-2017 for GST – Determination of Value of Supply – The value of the supply of goods or services or both between distinct persons as specified in sub-section (4) and (5) of section 25 or where the supplier and recipient are related, other than where the supply is made through an agent, shall,- (a) be the open market value of such supply; (b) if open market value is not available, be the value of supply of goods or services of like kind and quality; (c) if value is not determinable under clause (a) or (b), be the value as determined by application of rule 4 or rule 5, in that order: Provided where the recipient is eligible for full input tax credit, the value declared in the invoice shall be deemed to the open market
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