TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Rule 34: GST valuation uses Customs Board exchange rate for goods and GAAP-based rate for services</h1> For valuation under GST, Rule 34 prescribes that the exchange rate for taxable goods is the rate notified by the Customs Board under the Customs Act on the time-of-supply date, while the exchange rate for taxable services is the rate determined in accordance with generally accepted accounting principles for the time-of-supply date. The rule thus distinguishes methods for converting foreign-currency transactions into the taxable value of goods versus services.
TaxTMI 
TaxTMI 
