Rule 31 CGST Rules 2017

Summary of Rule 31 CGST Rules 2017

( Rule 31 CGST Rules 2017 explains Residual method for determination of value of supply of goods or services or both and is covered in Chapter IV  –  Determination of Value of Supply  : Inserted by the Central Goods and Services Tax (Second Amendment) Rules, 2017, w.e.f. 1-7-2017 )

Rule 31 CGST Rules 2017

Residual method for determination of value of supply of goods or services or both

31. Where the value of supply of goods or services or both cannot be determined under rules 27 to 30 [ Note 1] , the same shall be determined using reasonable means consistent with the principles and the general provisions of section 15 and the provisions of this Chapter:

Provided that in the case of supply of services, the supplier may opt for this rule, ignoring rule 30.

Note 1 :-

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