A SUPPLIER SUPPLIE GOODS WORTH RS 50000 AND CHARGES GST @ 18 %. AND THE RECPIENT GETS SUBCIDY OF RS 20000 IN RELATION TO SUCH GOODS FROM CENTRAL GOVERNMENT. WHAT SHOULD BE THE ASSESSIBLE VALUE ON WHICH SUPPLIER SHOULD CHARGE GST ?
2 Replies
pankaj
(a)
(1262 Points)
Replied 03 March 2018
assesable value would be rs. 50000. explanation provided to sec. 15 says that subsidy received to supplier by govt. is excluded from assesable value not to recipient .
KUNDAN KUMAR
(Tax consultancy)
(247 Points)
Replied 06 March 2018
THEN WHAT ABOUT LPG GAS SYLINDERS ?
Recent Topics
- Handling of NRO TDS
- Asset Declaration in ITR2
- CGST/SGST Input tax Classification in Tally Prime
- PREFERENCE SHARES - NBFC
- Vivad se vishwas scheme 2024
- List of banks for tax payments available at e-Pay
- Excess itc claimed then intrest applicable even if
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
- FORM 10 IEA IN Revised return
Related Threads
CAclubindia
