Value of supply of goods or services or both between distinct or related persons, other than through an agent

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..... or both between distinct persons as specified in sub-section (4) and (5) of section 25 or where the supplier and recipient are related, other than where the supply is made through an agent, shall- (a) be the open market value of such supply; (b) if the open market value is not available, be the value of supply of goods or services of like kind and quality; (c) if the value is not determin .....

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..... ntee to any banking company or financial institution on behalf of the said recipient, shall be deemed to be one per cent of the amount of such guarantee offered, or the actual consideration, whichever is higher. ] *************** NOTES:- 1. Re-Numbered vide NOTIFICATION NO. 52/2023 Central Tax dated 26-10-2023 2. Inserted vide NOTIFICATION NO. 52/2023 Central Tax .....

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