Rule 31 of CGST Rules 2017: Residual Method for Determination of Value of Supply of Goods/ Services

Provisions under Rule 31 of the Central Goods and Services Tax (CGST) Rules, 2017 relating to “Residual Method for Determination of Value of Supply of Goods or Services or both”, are as under:

CGST Rule 31: Residual Method for Determination of Value of Supply of Goods or Services or both (Chapter-IV: Determination of Value of Supply) 

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.

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Note: The CGST Rules 2017 along with the prescribed Forms were initially notified vide Central Tax Notifications 3/2017 dt. 19/06/2017 (Rule 1 to 26), 10/2017 dt. 28/06/2017 (Rules 27 to 138) and 15/2017 dt. 01/07/2017 (Rules 139 to 162). These Rules/ Forms were subsequently amended by CBIC through various Notifications issued from time to time. Information on this page is a Rule-wise compilation of Amendments made by all such Notifications upto 29/12/2021, with best possible efforts for accuracy. In any case, E&OE. For official/ updated information, please visit CBIC website.