https://www.taxtmi.com/notifications?id=120778 The amendment prescribes a hierarchical value of supply regime prioritising open market value, then aggregation of monetary and equivalent non-monetary consideration, comparison with like-kind supplies, and fallback to cost-plus (110% of cost) or reasonable methods. It establishes specific valuation treatments for foreign exchange, travel agent commissions, life insurance, second hand goods, vouchers and pure agents. It also sets detailed input tax credit rules: documentary bases, invoice/return conditions, reversal for non payment within 180 days, attribution formulas for mixed use and capital goods (five year useful life with periodic reductions), ISD distribution mechanics, and annual finalisation and interest consequences. en-us Fri, 30 Jun 2017 00:00:00 +0530 Mon, 18 Sep 2017 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=120778 The amendment prescribes a hierarchical value of supply regime prioritising open market value, then aggregation of monetary and equivalent non-monetary consideration, comparison with like-kind supplies, and fallback to cost-plus (110% of cost) or reasonable methods. It establishes specific valuation treatments for foreign exchange, travel agent commissions, life insurance, second hand goods, vouchers and pure agents. It also sets detailed input tax credit rules: documentary bases, invoice/return conditions, reversal for non payment within 180 days, attribution formulas for mixed use and capital goods (five year useful life with periodic reductions), ISD distribution mechanics, and annual finalisation and interest consequences. Notifications GST - States Fri, 30 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/notifications?id=120778