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

In terms of Explanation 2(b) to Chapter V of the CGST Rules, 2017, the value of security should be considered as 1% of the sale value of such security.

(ICAI FAQ PUBLICATIONS 06-09-2017 INPUT TAX CREDIT: FAQ NO. 65)