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of <h1>Rule 32: Methods for Suppliers to Determine Taxable Value for Specific Supplies, Including Currency Exchange, Tickets, Insurance, Goods</h1> Rule 32 permits suppliers to determine taxable value for specified supplies by prescribed methods. For foreign-currency exchange, value may be the difference between buy/sell rate and the RBI reference rate multiplied by units, or, if unavailable, prescribed percentages of gross amounts, with an option to choose an alternate slab-based deemed rate for a financial year. Air-ticketing by agents is valued at 5% of basic domestic fare and 10% of basic international fare. Life-insurance services are valued by specified percentages of premium or net of investment allocation, with exceptions for pure risk-only premiums. Resale of second-hand goods (with no input tax credit) is valued as sale price minus purchase price. Redeemable tokens/vouchers equal their redemption money value. Certain notified intra-group services are valued at nil where input tax credit is available.
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