Tax Vibe brings Valuation Rules under GST framed by the official authorities to you understands the Goods & Service tax. Valuation rules under GST have recently been introduces. Every supply under GST law has to be valued on the basis of these valuation rules.
Goods and services tax will charge on the value of supply made. The new law has provided distinct guidelines which can be referred for determining the value of supply on which GST has to be charged. In other words, these rules will help in determining the charging value for GST and these rules are going to impact all the businesses.
In this article we shall provide you a complete guide on GST Valuation rules.