Rule 27
Value of supply of goods or services where the consideration is not wholly in money
GST
Determination of Value of Supply
Rule 27 of Central Goods and Services Tax Rules, 2017
CHAPTER IV
DETERMINATION OF VALUE OF SUPPLY
27. Value of supply of goods or services where the consideration is not wholly in money.-
Where the supply of goods or services is for a consideration not wholly in money, the value of the supply shall,-
(a) be the open market value of such supply;
(b) if the open market value is not available under clause (a), be the sum total of consideration in money and any such further amount in money as is equivalent to the consideration not in money, if such amount is known at the time of supply;
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