Determination of value of supply provided by notified class of services [Rule 32(7) of CGST rules]

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..... is available. Valuation of certain works contract services Construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer, wholly or partly, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is ea .....

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..... es Where the value of supply is inclusive of GST, the tax amount shall be determined in the following manner, Tax amount= (Value inclusive of taxes X GST tax rate in % )/(100+ sum of GST tax rates in %) For example - If the value inclusive of tax is ₹ 100/- and applicable GST tax rate is 18% then Tax amount = (100x18)/ (100+18) = 1800/118=Rs. 15.25
Manuals, Ready reckoner, Law and pr .....

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