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of <h1>Determining Supply Value: Use Open Market Value for Related Parties; Alternatives Include Comparable Goods or Rules 4 & 5.</h1> The value of supply of goods or services between distinct or related persons, excluding agents, is determined by the open market value. If this is unavailable, it is based on the value of similar goods or services. If neither is determinable, rules 4 or 5 apply. If goods are for further supply, the supplier may opt for a value at 90% of the recipient's sale price to unrelated customers. If the recipient can claim full input tax credit, the invoice value is considered the open market value.
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