Hare Rama and Hare Krishna Pvt. Ltd engaged in the business of plastic goods provides the following particulars relating to the goods sold by it to Kamdhenu Enterprises during the month of January, 2020: Particulars Amou

Computation of Value of taxable supply for the month of January, 2020 Particulars Amount (₹) Amount (₹) List price of the goods (exclusive of taxes and discounts) 2,50,000 Add: Tax levied by Municipal Authority on the sale of such goods [includible in the value as per Section 15(2)(a) of CGST Act, 2017] 7,500 CGST and SGST chargeable on the goods (not includible as per section 15(2)(a) (Working Notes - 1) --- Packing charges [includible in the value as per Section 15(2)(c) of CGST Act, 2017] 5,000 Subsidy received from a non-Government body (Working Notes -2) 7,500 20,000 Total 2,70,000 Less: Discount @ 2% on ₹ 2,50,000 [Since discount is known at the time of supply, it is deductible from the value of supply in terms of Section 15(3)(a) of CGST Act, 2017] (5,000) Value of Taxable Supply 2,65,000 Working Notes: Section 15(2)(a) of the CGST Act, 2017 provides for exclusion of CGST, IGST, SGST, UTGST and Compensation Cess from the value of taxable supply. Subsidy received from a non-government body is added back to determine the value of supply (Section 15(2)(e) of CGST Act, 2017).