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of <h1>Clarification on Service Tax Valuation: Rule 3(a) & 3(b) Define Value Determination for Non-Monetary Considerations</h1> Rule 3(a) of the Service Tax (Determination of Value) Rules, 2006 applies when additional consideration is received other than money and its value is not ascertainable, but the value of similar services is available. In such cases, the service's value is equivalent to the gross amount charged for similar services. The term 'similar' means resembling or corresponding to, rather than identical. Rule 3(b) applies when neither the value of similar services nor the additional consideration is ascertainable. Here, the service provider must determine the equivalent money value, which must not be less than the service's cost, guided by CAS-4 standards for cost calculation.
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