https://www.taxtmi.com/manuals?id=1782 GST valuation is ordinarily based on the transaction value, the price paid or payable where parties are unrelated and price is sole consideration. Section 15 prescribes inclusions and exclusions to transaction value; valuation rules apply when value cannot be determined under section 15(1). Where consideration is not wholly in money or parties are related, value is determined by open market value, then like-kind value, then cost-based valuation, and finally the residual method. Special rules govern second-hand goods, repossessed goods, works contracts, lotteries, vouchers, foreign exchange services, agency relationships and pure agent exclusions. en-us Mon, 07 Jan 2019 17:04:00 +0530 Tue, 08 Jan 2019 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1782 GST valuation is ordinarily based on the transaction value, the price paid or payable where parties are unrelated and price is sole consideration. Section 15 prescribes inclusions and exclusions to transaction value; valuation rules apply when value cannot be determined under section 15(1). Where consideration is not wholly in money or parties are related, value is determined by open market value, then like-kind value, then cost-based valuation, and finally the residual method. Special rules govern second-hand goods, repossessed goods, works contracts, lotteries, vouchers, foreign exchange services, agency relationships and pure agent exclusions. Manuals GST Mon, 07 Jan 2019 17:04:00 +0530 https://www.taxtmi.com/manuals?id=1782