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The Jammu and Kashmir General Sales Tax Rules, 1962
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21. Determination of money value of sale price not paid in cash

The sale price of goods liable to tax under the Act sold for consideration other than cash, shall be specified separately in the return furnished under section 7 giving sufficient particulars thereof including the estimated value of such consideration. The Assessing Authority shall, after such enquiry as he may consider necessary, determine the value thereof in terms of money and adopt the same for the purpose of determination of turnover.