https://www.taxtmi.com/notifications?id=121320 Amendments add detailed valuation rules where consideration is not wholly monetary, specify valuation methods for related party and agent transactions, and provide residual valuation by cost or reasonable means. They create sectoral deemed values (foreign exchange, travel agents, insurance, second hand goods), exclude pure agent disbursements from taxable value, and prescribe exchange rate and tax inclusive value calculations. Complementary provisions reform Input Tax Credit documentation and reversal rules (including banking options and ISD distribution formulas), transitional credit claims for stocks and capital goods with prescribed forms and depreciation, and operationalize invoicing, returns matching, refund processes, assessment, audit, advance rulings and appeals. en-us Thu, 29 Jun 2017 00:00:00 +0530 Wed, 11 Feb 2026 15:57:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=121320 Amendments add detailed valuation rules where consideration is not wholly monetary, specify valuation methods for related party and agent transactions, and provide residual valuation by cost or reasonable means. They create sectoral deemed values (foreign exchange, travel agents, insurance, second hand goods), exclude pure agent disbursements from taxable value, and prescribe exchange rate and tax inclusive value calculations. Complementary provisions reform Input Tax Credit documentation and reversal rules (including banking options and ISD distribution formulas), transitional credit claims for stocks and capital goods with prescribed forms and depreciation, and operationalize invoicing, returns matching, refund processes, assessment, audit, advance rulings and appeals. Notifications GST - States Thu, 29 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/notifications?id=121320