2nd May 2017
According to the GST Law, if the remuneration of supply is halfway in cash and relatively otherwise, GST valuation fiat needs to be prescribed.
Cases where Consideration is Not Wholly in Money
Organizations work in a dynamic model and we have seen inventive plans wherein a purchaser is required to reimburse the halfway sum in cash and the rest in kind, for example, when trading utilized merchandise for a new product.
As a general rule, estimation of supply will be the measure of consideration received in cash from the purchaser. But, there can be situations when halfway remuneration is in cash and the rest` is in kind. In such situation, the estimation of supply should be:
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