What will the value of supply of the mobile phone sold by Micromax to Anil Kumar for ₹35,000 in exchange with of his old mobile phone. The sale price of the new mobile phone without exchange is ₹40,000. The value of old

CS Executive · Tax Laws · PYQS · December 2019
What will the value of supply of the mobile phone sold by Micromax to Anil Kumar for ₹35,000 in exchange with of his old mobile phone. The sale price of the new mobile phone without exchange is ₹40,000. The value of old mobile phone so exchanged was of ₹7,000.
(A) ₹35,000
(B) ₹40,000
(C) ₹42,000
(D) ₹33,000

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Goods and Services Tax (GST)

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