Rajasthan GST rules amend valuation, input tax credit, invoicing, returns, refunds, assessments and transitional ITC procedures. Amendment inserts Chapters IV-XVI to prescribe valuation rules prioritising open market value, comparable supplies, cost plus and residual methods; detailed input tax credit entitlement, reversal, attribution and annual reconciliation rules including special provisions for financial institutions, capital goods depreciation of credit and transfers on business reorganisation; comprehensive invoicing, records, electronic ledgers, returns matching, refund procedures and formulas, assessment and audit processes, advance rulings and appeals, transitional ITC declarations and the Anti Profiteering Authority framework.
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Amendment inserts Chapters IV-XVI to prescribe valuation rules prioritising open market value, comparable supplies, cost plus and residual methods; detailed input tax credit entitlement, reversal, attribution and annual reconciliation rules including special provisions for financial institutions, capital goods depreciation of credit and transfers on business reorganisation; comprehensive invoicing, records, electronic ledgers, returns matching, refund procedures and formulas, assessment and audit processes, advance rulings and appeals, transitional ITC declarations and the Anti Profiteering Authority framework.
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