Section 32: Determination of value in respect of certain supplies

Q: What does Section 32 of The Central Goods and Services Tax Rules, 2017 (GST) deal with?

Section 32 GST pertains to "Determination of value in respect of certain supplies". It is part of the The Central Goods and Services Tax Rules, 2017, a legislation enacted by the Parliament of India. Section 32 of The Central Goods and Services Tax Rules, 2017 (GST) governs determination of value in respect of certain supplies. As verified on 19 May 2026.

Q: Is Section 32 GST still in force?

Yes, Section 32 of the The Central Goods and Services Tax Rules, 2017 is currently in force across the Republic of India.

Q: What is धारा 32 GST?

धारा 32 GST is the Devanagari Hindi reference for Section 32 of the The Central Goods and Services Tax Rules, 2017. Section 32 of The Central Goods and Services Tax Rules, 2017 (GST) governs determination of value in respect of certain supplies. As verified on 19 May 2026.

Q: What is Dhara 32 GST?

Dhara 32 GST is the Roman Hindi reference for Section 32 of the The Central Goods and Services Tax Rules, 2017. "Dhara" means "Section" in Hindi. Section 32 of The Central Goods and Services Tax Rules, 2017 (GST) governs determination of value in respect of certain supplies. As verified on 19 May 2026.

Q: How to cite Section 32 of The Central Goods and Services Tax Rules, 2017?

Cite as: "Section 32, The Central Goods and Services Tax Rules, 2017 (GST)" in legal briefs. For academic writing, use the BlueBook format: The Central Goods and Services Tax Rules, 2017, § 32 (India).

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(1)

Notwithstanding anything contained in the provisions of this Chapter, the value in respect of supplies specified below shall, at the option of the supplier, be determined in the manner provided hereinafter.

(2)

The value of supply of services in relation to the purchase or sale of foreign currency, including money changing, shall be determined by the supplier of services in the following manner, namely:-

(a) for a currency, when exchanged from, or to, Indian Rupees, the value shall be equal to the difference in the buying rate or the selling rate, as the case may be, and the Reserve Bank of India reference rate for that currency at that time, multiplied by the total units of currency:

(b) at the option of the supplier of services, the value in relation to the supply of foreign currency, including money changing, shall be deemed to be-

(3)

The value of the supply of services in relation to booking of tickets for travel by air provided by an air travel agent shall be deemed to be an amount calculated at the rate of five percent of the basic fare in the case of domestic bookings, and at the rate of ten percent of the basic fare in the case of international bookings of passage for travel by air.

Explanation. - For the purposes of this sub-rule, the expression "basic fare " means that part of the air fare on which commission is normally paid to the air travel agent by the airlines.

(4)

The value of supply of services in relation to life insurance business shall be,-

(a) the gross premium charged from a policy holder reduced by the amount allocated for investment, or savings on behalf of the policy holder, if such an amount is intimated to the policy holder at the time of supply of service;

(b) in case of single premium annuity policies other than (a), ten percent of single premium charged from the policy holder; or

(c) in all other cases, twenty five percent of the premium charged from the policy holder in the first year and twelve and a half percent of the premium charged from the policy holder in subsequent years:

(5)

Where a taxable supply is provided by a person dealing in buying and selling of second hand goods i.e., used goods as such or after such minor processing which does not change the nature of the goods and where no input tax credit has been availed on the purchase of such goods, the value of supply shall be the difference between the selling price and the purchase price and where the value of such supply is negative, it shall be ignored:

Provided that the purchase value of goods repossessed from a defaulting borrower, who is not registered, for the purpose of recovery of a loan or debt shall be deemed to be the purchase price of such goods by the defaulting borrower reduced by five percentage points for every quarter or part thereof, between the date of purchase and the date of disposal by the person making such repossession.

(6)

The value of a token, or a voucher, or a coupon, or a stamp (other than postage stamp) which is redeemable against a supply of goods or services or both shall be equal to the money value of the goods or services or both redeemable against such token, voucher, coupon, or stamp.

(7)

The value of taxable services provided by such class of service providers as may be notified by the Government, on the recommendations of the Council, as referred to in paragraph 2 of Schedule I of the said Act between distinct persons as referred to in section 25, where input tax credit is available, shall be deemed to be NIL.