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<h1>Rule 4 of GST Valuation Rules: Determine supply value by comparing similar transactions with necessary adjustments.</h1> The GST Valuation Rules, 2016, specifically Rule 4, outlines the method for determining the value of supply by comparison when it cannot be established under Rule 3. The value is based on the transaction value of similar goods or services supplied to other customers at a similar time, with necessary adjustments. These adjustments consider differences in supply dates, commercial and quantity levels, composition, quality, design, and variations in freight and insurance charges related to the supply location. The proper officer is responsible for making reasonable adjustments based on these factors.