Virat rents out a commercial building owned by him to Rohit for the month of October 2021, for which he charges a rent of ₹ 20,00,000. Virat paid the maintenance charges of ₹ 1,00,000 (for October 2021) as charged by the

Computation of the Value of Supply and the GST Liability of Mr. Virat for the month of October, 2021 Particulars Amount (₹) Rent of the commercial building 20,00,000 Maintenance charges paid to the local society, reimbursed by Mr. Rohit 1,00,000 [Being reimbursed by the tenant- Mr. Rohit, such charges ultimately form part of the rent paid by Mr. Rohit to Mr. Virat and thus, will form part of the value section 15(2)(b) of CGST Act, 2017] Interest free refundable security deposit [Being refundable, the security deposit does not constitute consideration in terms of section 2(31) of the CGST Act, 2017 and thus, is not includible in the value] Nil Municipal taxes paid by Mr. Virat [Being an expenditure incurred by the supplier, the same is not includible in the value since such taxes are not charged to the recipient.] Nil Value of Supply 21,00,000 CGST @9% = ₹ 1,89,000 and SGST @ 9% = ₹ 1,89,000