Compute the value of taxable service in the context of provisions of CGST Act, 2017 and rules framed thereunder from the following transactions made available by Anand Agro Ltd engaged in agriculture related services for

CS Executive · Tax Laws · PYQS · December 2021
Compute the value of taxable service in the context of provisions of CGST Act, 2017 and rules framed thereunder from the following transactions made available by Anand Agro Ltd engaged in agriculture related services for the month of Sept. 2020. Sr. No. Particulars of Services Amount in Lakh 1 Renting of Agro Machinery 5 2 Cultivation of Ornamental flowers 2.50 3 Processing of Tomato Ketchup 3 4 Plantation of Rubber 3.5 5 Processing of Potato Chips 1.5
(A) 4.50 lakh
(B) 10 lakh
(C) 8 lakh
(D) 5 lakh

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: GST

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