Valuation of taxable supply (Part - 3) || Rule 27, 28 & 29 of calculating value of supply

#lecture_29 value of taxable supply#lecture_28 Value of taxable supply ¶ Provision related to value of taxable supply (section 15 of CGST Act) 1) If the value of supply is decided according to transaction Value 2) If the value of supply is not determined according to transaction value || GST determination of value of supply rules, 2017 (section 15(4)) Rule 27 (Rule 1) : Value of supply where the consideration is not wholly in money • open market value of supply • if open market value is not available • value of supply of like kind and quality • value on the basis of consideration in money and rule 4 or rule 5 Rule 28 (Rule 2) : value of supply between distinct or related persons (other than through an agent) • open market value of supply • value of supply of like kind and quality • value on the basis of consideration in money and rule 4 or rule 5 • In case of goods intended for further supply by the recipient Rule 29 (Rule 3) : Value of supply of goods made or received through an agent • Open market value or 90% of the price charged for the supply • Determined by application of rule 4 or rule 5 Rest Rules are in next parts (Rule 30 - Rule 35) 3) Specified cases Valuation of taxable supply (Part-2) (Lecture 28) :    • Valuation of taxable supply (Part - 2...   Valuation of taxable supply (Part-1) (Lecture 27) :    • Value of taxable supply (Part-1)   Determination of place of supply Part-2 (lecture 26) :    • Determination of Place of supply in G...   Determination of place of supply Part-1 (lecture 25) :    • Determination of Place of supply in G...   Nature of supplies : Intrastate & Interstate (lecture 24) :    • Nature of Supplies : Inter-state & In...   Integrated goods and services Act / IGST Act Part - 2 / levy and collection of tax in IGST (lecture 23) :    • Levy and collection of tax under IGST...   Integrated goods and services Act / IGST Act Part - 1 (lecture 22) :    • Integrated goods and services Act, 20...   Time of supply Part - 3 (lecture 21) :    • Change in Rate of tax in supply of go...   Time of supply Part - 2 (lecture 20) :    • Special cases of Time of supply of go...   Time of supply Part -1 (Lecture 19) :    • Time of supply in GST (Part - 1) || T...   composition scheme Part - 4 (lecture 18) :    • Composition scheme Part - 4 || Transi...   composition scheme Part - 3 (lecture 17) :    • Procedure under composition scheme ||...   composition scheme Part - 2 (lecture 16) :    • Composition scheme Part - 4 || Transi...   Composition scheme Part - 1 (Lecture 15) :    • Composition Scheme || Small taxable p...   Levy and collection of tax in GST Part - 2 (lecture 14) :   • Liability to pay GST and power of gov...   Levy and collection of tax in GST Part - 1 (lecture 13) :    • Levy and Collection of Tax in GST || ...   Composite and mixed supply / taxable event and scope of supply party (lecture 12) :    • Composite supply and Mixed supply || ...   Taxable event and scope of supply part -2 (lecture 11) :    • Taxable event and scope of supply || ...   Taxable event and scope of supply (lecture 10) :    • Taxable event and scope of supply in ...   Administration of GST part 2 (lecture 9) :    • Administration of GST Part - 2 || Pow...   Administration of GST part 1 (lecture 8) :    • Administration of GST part - 1 || Adm...   Implementation of gst in India (lecture 7) :    • Implementation of GST In India || Ste...   gst meaning and features part-2 (lecture 6):    • GST Meaning & features - (Part 2) || ...   gst meaning and features part-1 (lecture 5):    / ¶   concept of Gst || overview of gst (lecture 4) :    • What is gst? || overview of gst (good...   Tax structure before & After implementation of GST (lecturer 3 ):    • Tax structure in India - Before and a...   for direct vs indirect tax (lecture 2) :    • Types of Taxes || Direct vs Indirect ...   For Meaning, Features & objectives of tax and difference between duty, fee, penalty & tax ( lecture 1 ):    • Tax structure in India || objectives ...   #value_of_taxable_supply #rule_27 #rule_28 #rule_29 #value_of_supply_when_whole_consideration_is_not_in_money #value_of_supply_in_case_of_agent #value_of_supply_in_case_of_related_person #section_15_in_CGST #GST #Bcom_5th_sem #bcom_mcom_bba_mba #ca_cs_cma_cwa #bcom_distance #hindi #net_jrf