For the purpose of determining exempt supply under Section 17(2) and Section 17(3), how should the value of land and building be determined

In terms of Explanation 2(a) to Chapter V of the CGST Rules, 2017, the value of land and building adopted for the purpose of paying stamp duty should be considered.

(ICAI FAQ PUBLICATIONS 06-09-2017 INPUT TAX CREDIT: FAQ NO. 64)