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Valuation of supply

Sir ,1. price of a supply is given including gst , then did we have to deduct that gst amt and make the inclusions and exclusion ? 2. Did TCS/TDS paid includes in the value of supply ? 3. Did Quantity discount is not cover under discount which can get exclusion ? If covers , then kindly give some examples regards this ? Sir.


Srini Sriram

Srini Sriram

CA Inter

3K+

20-Sep-20 07:03

1

Answers (6)

If given inclusive of GST, we need to arrive at taxable value by deducting GST. TCS/TDS is separate Q.3 is not clear.


Suraj Lakhotia

Suraj Lakhotia

Admin

20-Sep-20 08:53

Sir , but if we deduct gst from taxable value , it not includes the portion of gst for inclusion and exclusion . Q 3 is , Quantity discount value can get exclusion ?


Srini Sriram

Srini Sriram

CA Inter

3K+

20-Sep-20 09:00

Sir , for Q .1 . Price 165000 including gst @ 10% . Interest 30000 not included in the above price . What is the value of supply ? Kindly explain this sir .


Srini Sriram

Srini Sriram

CA Inter

3K+

21-Sep-20 19:34

Taxable value = 165000/1.1 + Interest

Thank you sir.


Srini Sriram

Srini Sriram

CA Inter

3K+

22-Sep-20 09:53