Tag Archives: open market value GST

Delete term ‘ open market value ’ from GST Valuation Rules – ICAI – GST Rules Issue 1

By | May 9, 2017

Delete the term ‘open market value’ from GST Valuation Rules Draft Valuation Rules introduces a new concept of ‘open market value’, to be the first value to be applied in case a transaction does not satisfy the requirements of Section 15 Issue It is a new and untested concept and is not even based on… Read More »