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

CA Inter

★ 3K+

20-Sep-20 07:03

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

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

CA Inter

★ 3K+

20-Sep-20 09:00

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 ?

Your query is not clear.

Suraj Lakhotia

Admin

21-Sep-20 16:50

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

CA Inter

★ 3K+

21-Sep-20 19:34

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 .

Taxable value = 165000/1.1 + Interest

Suraj Lakhotia

Admin

22-Sep-20 07:44

Taxable value = 165000/1.1 + Interest

Thank you sir.

Srini Sriram

CA Inter

★ 3K+

22-Sep-20 09:53