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The text below is the rule as served by the CBIC tax information portal on 17 September 2026, with the portal's own amendment footnote markers (shown as small numerals before a bracket) and its footnotes.[1] The Rules as published in the Gazette of India is the legal source.
Rule 35, verbatim (show)
Rule 35. Value of supply inclusive of integrated tax, central tax, State tax, Union territory tax. -
Where the value of supply is inclusive of integrated tax or, as the case may be, central tax, State tax, Union territory tax, the tax amount shall be determined in the following manner, namely,- Tax amount = (Value inclusive of taxes x tax rate in % of IGST or, as the case may be, CGST, SGST or UTGST) (100+ sum of tax rates, as applicable, in %) Explanation. - For the purposes of the provisions of this Chapter, the expressions-
(a) "open market value" of a supply of goods or services or both means the full value in money, excluding the integrated tax, central tax, State tax, Union territory tax and the cess payable by a person in a transaction, where the supplier and the recipient of the supply are not related and the price is the sole consideration, to obtain such supply at the same time when the supply being valued is made;
(b) "supply of goods or services or both of like kind and quality" means any other supply of goods or services or both made under similar circumstances that, in respect of the characteristics, quality, quantity, functional components, materials, and the reputation of the goods or services or both first mentioned, is the same as, or closely or substantially resembles, that supply of goods or services or both.
Questions to answer on the file
Questions a reviewer answers from the engagement file, grouped by the part of the rule they come from. They describe what the rule asks; they do not decide it.
Tax-inclusive arithmetic 35
Questions to answer on the file7 questions
Open market value definition 35 Explanation(a)
Questions to answer on the file10 questions
Like-kind and quality definition 35 Explanation(b)
Questions to answer on the file8 questions
Relationship with other provisions
| Provision | Connection | Words that tie them |
|---|---|---|
| Section 15 of the CGST Act, 2017 | this provision defined by Section 15 of the CGST Act, 2017 | 35 Explanation(a) "supplier and the recipient of the supply are not related" |
Circulars and notifications
No circular or notification in the CBIC repository is recorded as citing this rule.
Unsettled questions
The words of Rule 35 do not answer this question. Where one decides a matter on the file, the answer depends on the position taken on it.
- No additional silent question identified; unresolved evidence remains open and legal classification is reserved to the auditor where specified
See also
- Section 15 of the CGST Act, 2017: value of Taxable Supply
References
- Central Board of Indirect Taxes and Customs. "Rule 35. Value of supply inclusive of integrated tax, central tax, State tax, Union territory tax". Central Goods and Services Tax Rules, 2017, CBIC tax information portal. Retrieved 17 September 2026.
External links
- CGST Rules, 2017, Rule 35 on the CBIC tax information portal