https://www.taxtmi.com/acts?id=24235 Suppliers may elect prescribed valuation methods: for foreign exchange either the spread over the RBI reference rate with fallbacks or a deemed percentage table for transaction bands; air travel agent services are deemed a percentage of the basic fare; life insurance premiums are valued by deductions for investment allocations or by specified percentage rules; second hand goods without input tax credit are valued on a margin basis with special rules for repossessed goods; redeemable tokens/vouchers equal the money value of redeemable supplies; government may notify certain intra group services as nil where input tax credit exists. en-us Mon, 03 Apr 2017 13:47:51 +0530 Fri, 19 May 2017 14:03:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=24235 Suppliers may elect prescribed valuation methods: for foreign exchange either the spread over the RBI reference rate with fallbacks or a deemed percentage table for transaction bands; air travel agent services are deemed a percentage of the basic fare; life insurance premiums are valued by deductions for investment allocations or by specified percentage rules; second hand goods without input tax credit are valued on a margin basis with special rules for repossessed goods; redeemable tokens/vouchers equal the money value of redeemable supplies; government may notify certain intra group services as nil where input tax credit exists. Act-Rules Bills Mon, 03 Apr 2017 13:47:51 +0530 https://www.taxtmi.com/acts?id=24235