Chapter 4 Determination of Value of Supply Rules (Rule 27 to 35)
Rule 28 GST - Value of supply of goods or services or both between distinct or related persons
Rule 29 GST - Value of supply of goods made or received through an agent
Rule 30 GST - Value of supply of goods or services or both based on cost
Rule 31 GST - Residual method for determination of value of supply of goods or services or both
Rule 32 GST - Determination of value in respect of certain supplies
Rule 33 GST - Value of supply of services in case of pure agent
Rule 34 GST - Rate of exchange of currency, other than Indian rupees, for determination of value You are here
Rule 35 GST - Value of supply inclusive of integrated, central tax, State tax, Union territory tax
Chapter 4 Determination of Value of Supply Rules (Rule 27 to 35)
Last updated at May 29, 2023 by Teachoo
According to Rule 34 of Central Goods and Service Tax Act, 2017 as passed by Lok Sabha :
The rate of exchange for the determination of the value of taxable goods or services or both shall be the applicable reference rate for that currency as determined by the Reserve Bank of India on the date of time of supply in respect of such supply in terms of section 12 or, as the case may be, section 13 of the Act.
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