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of <h1>Goa GST Act Clarifies Valuation of Imported Services from Related Entities; Aligns with Central GST Act Rules.</h1> The circular clarifies the valuation of imported services from related persons under the Goa Goods and Services Tax Act, 2017, aligning with the Central Goods and Services Tax Act. It states that when a related foreign entity provides services to a domestic entity eligible for full input tax credit, the invoice value is deemed the open market value. If no invoice is issued, the value may be considered nil. This aligns with previous clarifications for domestic transactions. The domestic entity must issue a self-invoice and pay tax under the reverse charge mechanism. Difficulties in implementation should be reported.
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