XYZ Bank Limited a scheduled commercial bank, has furnished the following details for the month of August, 2020: Particulars Amount (in crore) (excluding GST) Extended housing loan to its customers. 200 Processing fees c
CS Executive · Tax Laws and Practice · PYQS · June 2021
XYZ Bank Limited a scheduled commercial bank, has furnished the following details for the month of August, 2020: Particulars Amount (in crore) (excluding GST) Extended housing loan to its customers. 200 Processing fees collected from its customers on sanction on loan 40 Commission collected from its customers on Bank guarantee 60 Compute the value of taxable supply.
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: GST
Related Questions in this Topic
- Mrs. Mallick, an unregistered person, from Mumbai, has an account with a bank at Mumbai. She is on a vacation in Rajasth...
- If the goods so seized are of perishable or hazardous nature, such goods can be released by an order under GST INS-05 on...
- Section 9 of the IGST Act, 2017 defines:
- As per section 10 of CGST Act, 2017, the proceeds of the cess and such other amounts as may be recommended by the Counci...
- The highest applicable approved rate of UTGST has been prescribed at __________.