1. The document discusses the valuation of goods and services under GST. It outlines the key conditions and formulas for determining the assessable value, including that the transaction value is the sole consideration between non-related parties. 2. If the conditions are not met, the valuation rules must be referred to, such as when consideration is non-monetary, parties are related, or the transaction value is unreliable. The rules provide methods to determine the value based on similar goods/services, computed value, or reasonable means. 3. Specific rules are discussed for related party transactions, rejection of declared value, valuation of agents and money changers. The rules aim to arrive at the transaction value or determine a reasonable value when