Furnishing details of inward supplies: Who needs to furnish: Every registered person (except those mentioned in
CHAPTER VIII
RETURNS Form and manner of furnishing details of outward supplies sec 37, 39
RATE OF EXCHANGE OF CURRENCY, OTHER THAN INDIAN RUPEES, FOR DETEMINATION OF VALUE
Goods: Rule 34(1) of the CGST Rules: The applicable rate of exchange for taxable GST Act,
VALUE OF SUPPLY OF SERVICES IN CASE OF PURE AGENT
Section 15 of the GST Act, 2017, deals with the determination of the value of
DETERMINATION OF VALUE IN RESPECT OF CERTAIN SUPPLIES
The determination of value of supply for lottery, betting, gambling and horse racing in the
Value of supply in case of lottery, betting, gambling and horse racing sec.15
Section 15 of the GST Act, 2017, itself doesn’t define the value of supply for
Residual method for determination of value of supply of goods or services or both sec15.
The Residual method, also known as the Best Judgement method, is described under Rule 31
Value of supply in case of lottery, betting, gambling and horse racing sec.15
Primary Method: The value of supply is either: The open market value of the goods (determined by
Residual method for determination of value of supply of goods or services or both sec15.
The Residual method, also known as the Best Judgement method, is described under Rule 31
Value of supply of goods made or received through an agent
Primary Method: The value of supply is either: The open market value of the goods (determined by