Rule-34 of CGST rules 2017 34. Rate of exchange of currency, other than Indian rupees, for determination of value.- The rate of exchange for the determination of the value of taxable goods or services or both shall be the applicable reference rate…
Category: GST
How to Determine Value of supply of services in case of pure agent under GST
Rule-33 of CGST Rules 2017 33. Value of supply of services in case of pure — Notwithstanding anything contained in the provisions of this Chapter, the expenditure or costs incurred by a supplier as a pure agent of the recipient of supply shall…
How to Determine value of Supply in case of Foreign Currency Exchange, Ticket Booking, , Life Insurance (LIC) under GST
Rule-32 of CGST Rules 2017 32. Determination of value in respect of certain supplies.- (1) Notwithstanding anything contained in the provisions of this Chapter, the value in respect of supplies specified below shall, at the option of the supplier, be determined…
Residual method for determination of value of supply of goods or services or both under GST
Rule-31 under CGST Rules 2017 31. Residual method for determination of value of supply of goods or services or both.- Where the value of supply of goods or services or both cannot be determined under rules 27 to 30, the same shall…
How to compute Value of supply of goods or services under GST if Not Ascertainable
Rule-30 of CGST Rules 2017 30. Value of supply of goods or services or both based on cost.- Where the value of a supply of goods or services or both is not determinable by any of the preceding rules of this Chapter,…
How to compute Value of supply of goods made or received through an agent under GST
Rule-29 of CGST 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- be the open market value of the goods being supplied, or at the…
How to Compute Value of supply of goods or services where the consideration is not wholly in money under GST
Rule 27 of CGST Rules 2017 27.Value of supply of goods or services where the consideration is not wholly in — Where the supply of goods or services is for a consideration not wholly in money, the value of the supply shall,- be the…
How to Authenticate GST Registration Application
Rule- 26 of CGST rules 2017 26. Method of authentication.- (1) All applications, including reply, if any, to the notices, returns including the details of outward and inward supplies, appeals or any other document required to be submitted under the provisions…
When Physical Verification of Premises would be made at the time of GST Registration
Rule-25 of CGST Rules 2017 30. Physical verification of business premises in certain cases.- Where the proper officer is satisfied that the physical verification of the place of business of a registered person is required after the grant of registration, he may…
Migration of persons registered under the existing law with GST
Rule-24 of CGST Rules 2017 24. Migration of persons registered under the existing law.- (1) (a) Every person, other than a person deducting tax at source or an Input Service Distributor, registered under an existing law and having a Permanent Account Number…