1. Rule 27 of CGST Rules 2017: Value of supply where consideration not in money

Value of supply of goods or services where the consideration is not wholly in money:

1. Open market value of supply

2. If open market value not available, then total consideration

3. If both open market value and total consideration not available, then value of supply is like kind and quality

4. If all the value is not determinable by all of the above methods, then rule 30 and rule 31 comes into play

2. Rule 28 of CGST Rules 2017: Value of supply between distinct or related person, other than through agent

1. Open market value of supply

2. If open market value not available, then value of supply is like kind and quality

3. If all the value is not determinable by above two methods, then rule 30 and rule 31 comes into play

Provided that where the goods are intended for further supply as such by the recipient, the value shall, at the option of the supplier, be an amount equivalent to 90% of the price charged for the supply of goods of like kind and quality by the recipient to his customer not being a related person.

3. Rule 29 of CGST Rules 2017: Value of supply of goods made or received through an agent

Value of supply is the open market value of the goods being supplied, or at the option of the supplier, be 90% of the price charged for the supply of goods of like kind and quality by the recipient to his customer not being a related person, where the goods are intended for further supply by the said recipient.

4. Rule 30 of CGST Rules 2017: Value of supply based on cost

Where the value of a supply of goods or services or both is not determinable by any of the preceding rules, the value shall be 110% of the cost of production or manufacture or the cost of acquisition of such goods or the cost of provision of such services.

5. Rule 31 of CGST Rules 2017: Value of supply based on residual method

Where the value of supply of goods or services or both cannot be determined under rules 27 to 30.