Andhra Pradesh GST rules set detailed valuation methods and procedural rules for input tax credit, invoices, returns and refunds. The notification inserts rules prescribing a hierarchical method for determining the value of supply-open market value, known monetary plus money equivalent of non monetary consideration, value of like kind and quality, and residual cost or principle based methods-and detailed valuation for special supplies (foreign exchange, ticketing, insurance, second hand goods, vouchers). It also sets documentary and procedural conditions for claiming input tax credit (eligible documents, FORM GSTR 2 filing, reversals for non payment within 180 days, exclusions for fraud), special ITC rules for financial institutions, ISD distribution formulas, attribution for common and capital goods, and timelines and forms for returns, refunds and transitional credit migration.
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Provisions expressly mentioned in the judgment/order text.
Andhra Pradesh GST rules set detailed valuation methods and procedural rules for input tax credit, invoices, returns and refunds.
The notification inserts rules prescribing a hierarchical method for determining the value of supply-open market value, known monetary plus money equivalent of non monetary consideration, value of like kind and quality, and residual cost or principle based methods-and detailed valuation for special supplies (foreign exchange, ticketing, insurance, second hand goods, vouchers). It also sets documentary and procedural conditions for claiming input tax credit (eligible documents, FORM GSTR 2 filing, reversals for non payment within 180 days, exclusions for fraud), special ITC rules for financial institutions, ISD distribution formulas, attribution for common and capital goods, and timelines and forms for returns, refunds and transitional credit migration.
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