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<h1>GST Valuation Rules 2016: Determine Goods and Services Value Using Transaction Value, Rules 4-6 for Specific Cases</h1> The GST Valuation Rules, 2016, outline methods for determining the value of goods and services. The primary method is using the 'transaction value,' which is the monetary value of the supply. This value applies even if the supplier and recipient are related, as long as their relationship does not affect the price. For supplies involving both taxable and non-taxable components, only the taxable portion is considered. When goods are transferred within the same business or between a principal and an agent, the transaction value is used. For specific cases, valuation follows rules 4 to 6 sequentially.