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<h1>Sikkim GST Rules Updated: New Valuation Methods, Input Tax Credit Guidelines, and Filing Procedures Explained.</h1> The Sikkim Goods and Services Tax (Second Amendment) Rules, 2017, effective from July 1, 2017, introduce several changes to the Sikkim GST framework. Key amendments include provisions for determining the value of supply when consideration is not fully monetary, transactions between related parties, and supplies through agents. It outlines methods for valuation based on open market value or similar goods/services and provides guidelines for specific scenarios like foreign currency exchange, air travel bookings, and life insurance services. The rules also detail input tax credit claims, accounting requirements, and procedures for filing returns, refunds, and appeals under the GST regime.