Rule 31. Residual method for determination of value of supply of goods or services or both.

Important Keyword: Section 15, Rule 30.

GST Rule 31. Residual method for determination of value of supply of goods or services or both.

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

Read More: Notification No. 12/2017 — Integrated Tax GST: Apportionment of Integrated Goods & Services Tax with respect to advertisement services under section 12 (14) of the Integrated Goods & Services Tax Act, 2017.

Web Stories: Notification No. 12/2017 — Integrated Tax GST: Apportionment of Integrated Goods & Services Tax with respect to advertisement services under section 12 (14) of the Integrated Goods & Services Tax Act, 2017.

Official Income Tax Return filing website: https://incometaxindia.gov.in/