https://www.taxtmi.com/forum/issue?id=118161 No deduction of GST from the taxable value is permitted for valuation; valuation must follow statutory valuation provisions and rules. Where the recipient is eligible for full input tax credit, the invoice value may be treated as the open market value and parties may adopt an agreed value for cross charges. If the recipient cannot claim input tax credit, the valuation rules do not support excluding GST from the taxable value. en-us Fri, 16 Sep 2022 17:51:59 +0530 Wed, 21 Sep 2022 23:49:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118161 No deduction of GST from the taxable value is permitted for valuation; valuation must follow statutory valuation provisions and rules. Where the recipient is eligible for full input tax credit, the invoice value may be treated as the open market value and parties may adopt an agreed value for cross charges. If the recipient cannot claim input tax credit, the valuation rules do not support excluding GST from the taxable value. Discussion-Forum GST Fri, 16 Sep 2022 17:51:59 +0530 https://www.taxtmi.com/forum/issue?id=118161