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Rejection of declared value

Rule 7 - GST Valuation Rules - Goods and Services Tax - Rule 7 - 7. (1)(a) When the proper officer has reason to doubt the truth or accuracy of the value declared in relation to any goods and/or services, he may ask the supplier to furnish further information, including documents or other evidence and if, after receiving such further information, or in the absence of any response from such supplier, the proper officer still has reasonable doubt about the truth or accuracy of the value so declare .....

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d; (ii) the significantly lower or higher value of the supply of goods and/or services compared to the market value of goods and/or services of like kind and quality at the time of supply; or (iii) any mis-declaration of goods and/or services in parameters such as description, quality, quantity, year of manufacture or production. (2) The proper officer shall intimate the supplier in writing the grounds for doubting the truth or accuracy of the value declared in relation to the supply of goods an .....

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