Rule 30 of CGST Rules 2017: Value of Supply of Goods/ Services based on Cost

Rule 30 of ‘Central Goods and Services Tax (CGST) Rules 2017’: Value of Supply of Goods or Services or both based on Cost

Provisions under Rule 30 of the Central Goods and Services Tax (CGST) Rules, 2017 relating to “Value of Supply of Goods or Services or both based on Cost”, are as under:

CGST Rule 30: Value of Supply of Goods or Services or both based on Cost (Chapter-IV: Determination of Value of Supply)

Where the value of a supply of goods or services or both is not determinable by any of the preceding rules of this Chapter, the value shall be one hundred and ten percent of the cost of production or manufacture or the cost of acquisition of such goods or the cost of provision of such services.

Above information is based on CBEC’s compilation of Updated CGST Rules, 2017 as on 23 Mar. 2018 (i.e. as notified/ amended upto 23 Mar. 2018 by the CBEC). For detailed information/ subsequent updates, please refer relevant Notifications.

It may be noted that Rules 27 to 137 (pertaining to various Chapters) of the Central Goods and Services Tax (CGST) Rules, 2017 were notified by CBEC vide CGST (2nd Amendment) Rules, 2017 Notification No. 10/2017 Central Tax dt. 28 June 2017, applicable w.e.f. 1 July 2017.

Related Posts:

Central Goods and Services Tax (CGST) Rules, 2017 (Chapter-wise/ Rule-wise)

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