Eastern Traders Pvt Ltd, a registered entity under GST Law in Cuttack (Odisha), is engaged in the supply of various goods and services. Following transactions towards outwards supply have occurred during the month of Nov

Computation of GST liability payable for the month of November, 2023 S No. Particulars Amount of Taxable Supply CGST SGST IGST (i) Supply of 250 wall fans [It is an inter-state supply of goods since place of supply here is the location where the movement of goods terminates viz. Kolkata. Further, supply of wall fans with stands is a composite supply, chargeable to tax at the rate applicable to the principal supply (i.e. supply of wall fans) @ 18%] 4,36,000 (4,00,000 + 36,000) Nil Nil 78,480 (4,36,000 * 18%) (ii) Intra-state supply as Direct Selling Agent (DSA) [Taxable under forward charge. Reverse charge mechanism is not applicable since services are provided by a body corporate and not by an individual DSA] 2,50,000 22,500 (2,50,000 * 9%) 22,500 (2,50,000 * 9%) Nil (iii) Passenger transportation service [Passenger transportation service provided by public transport, other than predominantly for tourism purpose, in a vessel between places located in India is exempt] Nil Nil Nil Nil (iv) Supply of goods to an agent [Value of inter-state supply of goods to agent shall be: • Open market value (₹ 2,80,000) Or • 90% of the price of goods of like kind and quality charged by recipient to unrelated customers (₹ 3,00,000 * 90% i.e. ₹ 2,70,000) at the option of owner. Since the company wishes to choose most beneficial option, least of the two values has been taken] (Assumed Transaction between Principal & Agent is covered u/s 7(1)(c) and Schedule I and Invoice of further supply issued by agent in his name vide Circular No. 57/31/2018-GST) 2,70,000 Nil Nil 48,600 Taxable value of supply 9,56,000 GST Liability Payable 22,500 22,500 1,27,080