<h1>GST Valuation Rules Define How to Calculate Supply Value for Unified Tax Structure Under IGST Act 2016.</h1> The Model Goods and Services Tax (GST) Law, introduced in 2016, includes the Integrated Goods and Services Tax Act (IGST Act) and outlines the GST Valuation Rules for determining the value of goods and services supplied. These legal frameworks aim to standardize tax procedures across different regions, ensuring a unified tax structure. The GST Valuation Rules specifically address how to calculate the value of supplies, which is crucial for tax assessment and compliance. This initiative reflects a significant step towards reforming the tax system to enhance efficiency and transparency in the taxation process.