X Ltd. supplies a generator set to Y Ltd. in the Intra-state supply, provides the following information: Sr. No. Particulars Amount in ₹ (1) Price of generator set 8,70,000 (2) Installation charges for the generator 34,0

Computation of Taxable value of supply of generator set Sr. No. Particulars Amount in Rs. 1 Price of generator set 8,70,000 2 Installation charges for the generator 34,000 3 Entry fees levied by the Municipal Corporation 6,000 4 One part is directly fitted in generator set at place of Y Ltd. (amount paid by Y Ltd, directly to supplier, as per contract this amount should be paid by X Ltd, included in the price of generator set) - As it is already included in the price, no need to add again. Nil 5 Discount @ 3% on generator price (recorded in Invoice) = Since discount is given at the time of supply and recorded in invoice, the value of the supply shall not include such discount. (₹8,70,000 * 3/100 = ₹26,100) (26,100) 6 X Ltd. provide additional discount of 1.5% at year end, based on additional purchase of other generator set. (Such discounts are not deductible because this discount is not link to above generator set and there is no prior agreement). Nil Value of Taxable Supply 8,83,900