https://www.taxtmi.com/notifications?id=121367 Rules establish a valuation hierarchy for supplies (open market value; monetary consideration plus money-equivalent; value of like goods; cost-based and residual methods), special valuation for foreign exchange, insurance, second hand goods and vouchers, and exclude pure agent expenditures when conditions are met. Input tax credit requires specific documents, matching in returns, reversal where consideration remains unpaid beyond prescribed period with interest, ISD distribution formulas, attribution and annual finalisation of common credit, special treatment for capital goods over a five year useful life, and procedures for transfer of unutilised credit on business change; extensive invoicing, record keeping, returns, refund, audit and appeal forms and processes are prescribed. en-us Thu, 29 Jun 2017 00:00:00 +0530 Wed, 11 Feb 2026 15:57:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=121367 Rules establish a valuation hierarchy for supplies (open market value; monetary consideration plus money-equivalent; value of like goods; cost-based and residual methods), special valuation for foreign exchange, insurance, second hand goods and vouchers, and exclude pure agent expenditures when conditions are met. Input tax credit requires specific documents, matching in returns, reversal where consideration remains unpaid beyond prescribed period with interest, ISD distribution formulas, attribution and annual finalisation of common credit, special treatment for capital goods over a five year useful life, and procedures for transfer of unutilised credit on business change; extensive invoicing, record keeping, returns, refund, audit and appeal forms and processes are prescribed. Notifications GST - States Thu, 29 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/notifications?id=121367