Baba Automobiles had supplied the goods to Gogia Automobiles in the month of March, 2020 of the invoice value of ₹4,72,000. The supply so made was inclusive of tax charged as CGST and SGST which on the products so sold a

CS Executive · Tax Laws · PYQS · December 2020
Baba Automobiles had supplied the goods to Gogia Automobiles in the month of March, 2020 of the invoice value of ₹4,72,000. The supply so made was inclusive of tax charged as CGST and SGST which on the products so sold as per rates prescribed under CGST Act, 2017 is of 18%. The value of supply as per rule 35 of the CGST Rules, 2017 of such supply shall be __________.
(A) ₹4,00,000
(B) ₹4,72,000
(C) ₹3,87,040
(D) ₹4,84,960

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: GST

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