Rule 29
Value of supply of goods made or received through an agent
GST
Determination of Value of Supply
Rule 29 of Central Goods and Services Tax Rules, 2017
29. Value of supply of goods made or received through an agent.-
The value of supply of goods between the principal and his agent shall-
(a) be the open market value of the goods being supplied, or at the option of the supplier, be ninety per cent. of the price charged for the supply of goods of like kind and quality by the recipient to his customer not being a related person, where the goods are intended for further supply by the said recipient.
Illustration: A principal supplies groundnut to his agent and the agent is supplying groundnuts of like kind and quality
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