Saran (P) Ltd. supplied goods to Ashwini (P) Ltd. The list price of goods was ₹3,60,000 excluding packing charges of ₹15,000. The supplier of goods i.e. Saran (P) Ltd. allowed discount of ₹20,000 for prompt payment made
CS Executive · Tax Laws and Practice · PYQS · December 2019
Saran (P) Ltd. supplied goods to Ashwini (P) Ltd. The list price of goods was ₹3,60,000 excluding packing charges of ₹15,000. The supplier of goods i.e. Saran (P) Ltd. allowed discount of ₹20,000 for prompt payment made by the recipient of supply i.e. Ashwini (P) Ltd. The value of supply would be :
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: GST
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