Manked & Co. Delhi made supplies of ₹4,15,000 to Gupta & Co. of Noida (UP). Besides, it charged ₹10,000 towards packing charges. Mankad & Co. received ₹25,000 as subsidy from an NGO for such supply. It allowe
CS Executive · Tax Laws · PYQS · June 2021
Manked & Co. Delhi made supplies of ₹4,15,000 to Gupta & Co. of Noida (UP). Besides, it charged ₹10,000 towards packing charges. Mankad & Co. received ₹25,000 as subsidy from an NGO for such supply. It allowed discount @ 2% which is mentioned in the invoice. What is the value of supply?
Answer & Explanation:
The official key records '*'. This question is excluded from automatic grading because the source does not supply an unambiguous valid choice. Official source note: Solution of the given question is ₹ 415000+10,000+25,000- 8300 (2% of 4,15,000) =₹ 4,41,700.
Topics: GST
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