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of <h1>Rule 6: GST Value Determination for Foreign Exchange, Air Travel, Insurance, and More Explained</h1> Rule 6 outlines the determination of value for certain supplies under GST. For foreign currency exchange, the value can be calculated based on the difference between the buying/selling rate and the RBI reference rate, or a fixed percentage of the gross amount exchanged. For air travel agents, the value is 5% of the basic fare for domestic and 10% for international bookings. Life insurance services are valued based on the premium minus investment amounts or fixed percentages. Second-hand goods are valued by the difference between selling and purchase prices. Tokens and vouchers are valued at their redeemable value. Certain inter-company services are valued at NIL if input tax credit is available.
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