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Home Acts & Rules GST Rules Central Goods and Services Tax Rules, 2017 Chapters List Chapter IV Determination of Value of Supply This
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Rule 32 - Determination of value in respect of certain supplies - Central Goods and Services Tax Rules, 2017

Extract

..... hanged from, or to, Indian Rupees, the value shall be equal to the difference in the buying rate or the selling rate, as the case may be, and the Reserve Bank of India reference rate for that currency at that time, multiplied by the total units of currency: Provided that in case where the Reserve Bank of India reference rate for a currency is not available, the value shall be one per cent. of the gross amount of Indian Rupees provided or received by the person changing the money: Provided furthe .....

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Rule 32 - Determination of value in respect of certain supplies - Central Goods and Services Tax Rules, 2017

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..... ees and up to ten lakh rupees; and (iii) five thousand and five hundred rupees and one tenth of a per cent. of the gross amount of currency exchanged for an amount exceeding ten lakh rupees, subject to a maximum amount of sixty thousand rupees. (3) The value of the supply of services in relation to booking of tickets for travel by air provided by an air travel agent shall be deemed to be an amount calculated at the rate of five per cent. of the basic fare in the case of domestic bookings, and at .....

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Rule 32 - Determination of value in respect of certain supplies - Central Goods and Services Tax Rules, 2017

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..... this sub-rule shall apply where the entire premium paid by the policy holder is only towards the risk cover in life insurance. (5) Where a taxable supply is provided by a person dealing in buying and selling of second hand goods i.e., used goods as such or after such minor processing which does not change the nature of the goods and where no input tax credit has been availed on the purchase of such goods, the value of supply shall be the difference between the selling price and the purchase pric .....

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Rule 32 - Determination of value in respect of certain supplies - Central Goods and Services Tax Rules, 2017

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