What will be the value of taxable supply and GST payable in each of the following independent cases in accordance with the provisions of CGST Act, 2017: (i) Shriram Airline has sold tickets for transport of passengers to
CS Professional · Goods and Services Tax (GST) and Corporate Tax Planning · PYQS · June 2025
What will be the value of taxable supply and GST payable in each of the following independent cases in accordance with the provisions of CGST Act, 2017: (i) Shriram Airline has sold tickets for transport of passengers to Singapore, and other foreign countries during the month of February. The total amount charges are ₹20 lakhs on the flight (100 tickets) of which ₹5 lakhs are towards passenger taxes. The applicable rate of GST is 18% (CGST 9% and SGST 9%) and above amount are exclusive of tax.
Answer & Explanation:
Answer 2(a)(i) Particular Amount in ₹ Basic Fare (Total ₹20 lakhs - Government Taxes ₹5 lakhs) 15,00,000 Value of taxable supply as per rule 32(3) @ 10% of basic fare 1,50,000 CGST @ 9% 13,500 SGST @ 9% 13,500
Topics: Goods and Services Tax (GST)
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