Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
GOODS
SERVICES
* includes additions/alterations/replacements/
remodeling of exisiting civil structure
TIME OF SUPPLY OF SERVICES
Whichever is earlier
Whichever is earlier
3 Date on which recipient shows the receipt of services in Books of Accounts if (a) & (b) does not apply
Note: Supply shall be deemed to have been made to the extenet covered under invoice/
payment as the case maybe)
Whichever is earlier
Valuation Rules under GST
Section-15 Taxable Value= Transaction Value Value of Goods when consideration is not wholly in money
(i) Open Market Value
Transaction Value is the price actually paid/ payable (ii) Sum of total consideration in money+cash equivalent of
where the supplier & receiver are not related & price is consideration in kind (if known at the time of supply)/value of
the sole consideration like kind of goods
(iii) 110% of Cost of Production/ Provision of Service (Rule 4)
Transaction Value Includes: (iv) Residuary Method ( Rule 5)
(i) Duties, Taxes , fees levied by any law in force for the time being except GST Value of Goods when sold through an agent
(ii) Royalty, Licence
Any payment madeFeebypayable by recipient
recipient on behalftoofthe extent¬
supplier to covered in not
the extent the price (i) Open Market Value
(iii) included in the price (ii) 90% of the price charged by the recipent to his customers ( unrelated party)
(iv) Subsidies provided that are linked to supply Value of Goods when sold other than through an agent
(v) Reimbursement of expenses/ Cost (i) Open Market Value
(ii) Value of supply of like kind of goods
Transaction Value Excludes: (iii) Rule 4
(i) Discount allowed post supply ( as per agreement) and linked to relevant invoices (iv) Rule 5
(ii) Trade Discount