BMC Enterprises made supply of goods to LPT & Co. for ₹ 6,00,000. Tax levied by municipal authorities on such sale ₹ 30,000. CGST and SGST chargeable on supply was 6% each. Packing charges not included in the price m
CS Executive · Tax Laws · PYQS · June 2023
BMC Enterprises made supply of goods to LPT & Co. for ₹ 6,00,000. Tax levied by municipal authorities on such sale ₹ 30,000. CGST and SGST chargeable on supply was 6% each. Packing charges not included in the price mentioned above amounted to ₹ 20,000. BMC enterprise received a subsidy of ₹ 60,000 from the Government which is not considered in the price mentioned above. Discount offered @ 2% on the invoice. Determine the value of supply.
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: GST
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