https://www.taxtmi.com/notifications?id=120717 Rules set a hierarchy for valuation where consideration is not wholly in money, prioritising open market value, then monetary equivalent of non monetary consideration, comparable supplies, cost based and residual methods. Detailed ITC mechanics require prescribed documentary evidence, timed reversal when supplier payment is not made, attribution for partly non business or exempt use including formulaic segregation and five year treatment for capital goods, and specified distribution procedures for Input Service Distributors and banking/financial institutions. en-us Thu, 29 Jun 2017 00:00:00 +0530 Tue, 18 Jul 2017 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=120717 Rules set a hierarchy for valuation where consideration is not wholly in money, prioritising open market value, then monetary equivalent of non monetary consideration, comparable supplies, cost based and residual methods. Detailed ITC mechanics require prescribed documentary evidence, timed reversal when supplier payment is not made, attribution for partly non business or exempt use including formulaic segregation and five year treatment for capital goods, and specified distribution procedures for Input Service Distributors and banking/financial institutions. Notifications GST - States Thu, 29 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/notifications?id=120717