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<h1>Manipur Amends GST Rules: New Chapter IV on Valuation of Supply & Guidelines for Input Tax Credit, Invoices, Records.</h1> The Government of Manipur has issued an amendment to the Manipur Goods and Services Tax Rules, 2017, effective from July 1, 2017. This amendment introduces Chapter IV, detailing the determination of the value of supply for goods or services, particularly when consideration is not wholly monetary. It outlines methods for valuing supply between related parties, through agents, and in cases involving exchange of goods or services. The amendment also addresses valuation in special cases, such as foreign currency exchange, air travel, life insurance, and second-hand goods. Additionally, it provides guidelines for input tax credit claims, tax invoice requirements, and maintenance of accounts and records.