Tripura State Goods and Services Tax (Second Amendment) Rules, 2017. - F.1-11(91)-TAX/GST/2017 (Part-III) - Tripura SGST

Tripura GST rules tighten valuation methods, input tax credit operations, invoicing and electronic return, refund and audit procedures.

Tripura's amendment prescribes hierarchical valuation rules for supplies (open market value, sum of money consideration, like kind comparison, cost or residual methods), special valuation for foreign exchange, insurance, second hand goods and vouchers, and exclusion of pure agent costs where conditions are met. It establishes documentary bases and electronic procedures for claiming, distributing, attributing and reversing input tax credit (including formulas for prorating common credit and capital goods amortisation), and mandates detailed invoicing, recordkeeping and electronic returns with matching, rectification and refund mechanisms.