https://www.taxtmi.com/news?id=17771 Value of supply is determined by a hierarchy: open market value; if unavailable, monetary consideration plus known monetary equivalent of non-monetary consideration; or value of supplies of like kind and quality; failing those, application of the cost-based rule (110% of cost) or the residual rule. Special provisions treat related party supplies (invoice deemed open market value where recipient can claim full input tax credit), agent-mediated supplies (option for 90% of recipient's unrelated supply price), and bespoke valuation methods for currency exchange, air ticketing, life insurance, second hand goods margin, vouchers, and exclusions for expenditure by a supplier acting as a pure agent when specified conditions are met. en-us Sun, 02 Apr 2017 20:02:57 +0530 Wed, 11 Feb 2026 15:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17771 Value of supply is determined by a hierarchy: open market value; if unavailable, monetary consideration plus known monetary equivalent of non-monetary consideration; or value of supplies of like kind and quality; failing those, application of the cost-based rule (110% of cost) or the residual rule. Special provisions treat related party supplies (invoice deemed open market value where recipient can claim full input tax credit), agent-mediated supplies (option for 90% of recipient's unrelated supply price), and bespoke valuation methods for currency exchange, air ticketing, life insurance, second hand goods margin, vouchers, and exclusions for expenditure by a supplier acting as a pure agent when specified conditions are met. News - Sun, 02 Apr 2017 20:02:57 +0530 https://www.taxtmi.com/news?id=17771