Which of the following will not be included in the value of taxable supply?

CS Executive · Tax Laws · PYQS · June 2021
Which of the following will not be included in the value of taxable supply?
(A) Packing expenses incurred before delivery of goods or supply of services
(B) Interest collected from buyer for delayed payment of any consideration for any supply
(C) Discount granted for prompt payment by the recipient of supply as per terms of contract
(D) Penalty for delayed payment of any consideration for any supply

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: GST

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