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DATIONS ON TRANSACTION VALUE & OUTDUT TAX LIABILITY:

USTRATIONS ON
TE
au Electronics, Mangalore supplied to a customer in Mangalore, alle hone for
20000 along with the exchange of an old phone and if the price
the new phone without exchange is 24000, what is the taxable value of new
phone? What is the GST payable at 18%?
 our payable at 18%? Computation of Value of Taxable
supply & GST

24,000
Particulars open
market value CGST (9%)
SGST (9%) og Total GST
que diamo
2,160
2,160
4,320

99
 Super Cars Ltd., Chennai sells a car wa
sells a car worth * 4,00,000 to Ravindra
Automobiles, Chennai. They incur packing charges of 5,000 on the vide a discount of 1%
on the price, as part of Diwali scheme.
ing charges of 5,000 on the car
and ird. agree to provide a further discount of 0.5% if Ravindra Automobiles
of Diwali scheme. Super
Cars makes payment by 31" of the month via net bankina. Ravindra Automobiles makes the
payment by 31" of the month using net banking. Assuming GST of 18% on car compute
the value of taxable supply and the GST.
 of 1870 Uno

" value or taxable supply and the GST.

computation of Value of Taxable supply & GST
Particul
ars Price of the Car
4,0
0,000 Add: Packing charges
5,000
4,0
5,000 Tess: Discount (1% on 4,00,000) 101 951
4
,000 Additional Discount (0.5% on 4,00,000)
2,000 1
6,000 Transaction Value
3,9
9,000 GST payable: CGST @ 9% (3,99,000*9%)
3
5,910 SGST @ 9% (3,99,000*9%)
35,910 71,820
 Note 1: Both discounts can be deducted from the transaction
val Decause the Discounts were known at the time of supply, and can be
link o the specific invoice.

quired to calculate
the following
Note: Cost of pinn. of the
buyer shall form a po
deducted while arriving at the Transacliun 9. From
the following information you are required to
Value. The sale price of 76,80,000 does not include the fo
Amount (3)

Particulars
Transportation charges
Advertising charges
Publicity expenses
6,000
34,000
25,000
15,000
50,000
 5,000
Packing cost Raw Material
purchased Design and Development
Charges Servicing charges
Marketing expenses Freight charges
Installation and erecting expenses
Insurance cost Pre-delivery
inspection charges Taxes, Duties
&cesses Warranty expenses
5,000
25,000
30,000
6,000
5,000
40,000
4,000
23,000

But the selling price includes the following; a. Trade discount (it is
allowed at the time of supply) * 10,00 b. Cost of durable and
returnable packing 15,000
 a. Trade uist b. Cost of durable and
returnaurus
Computation of Transaction Valu,
Particulars Sale
Price Add: Transportation
charges
Advertising
charges | Publicity
expenses
Packing cost Raw Material
purchased Design and
Development Charges
Servicing charges
6,000
34,000
25,000
15,000
50,000
 5,000
5,000

104
Co

Particulars
Marketing
expenses Freight
charges Installation
expenses Insurance
cost
25,000
30,000
6,000
5
,000 Ore-delivery inspection charges
40,000 4,000 5,000
23,000 2,73,000
9,5
 3,000 Less: Discount allowed
1
0,000 cost of durable & returnable Packing
15,000 25,000
Transaction value
9,28,
000 Note: Cost of durable and returnable packing should not be
included in the Transaction Value.
Taxes, Duties &
cesses Warranty
expenses Servicing
charges

the Transaction Value of goods under GST Act from the

following
12. Compute the
Trans
information and GST
payable:
elling Price of supplies (excluding
 CGST & SGST at 9% each)
6,
00,000 Advertising charges
5
0,000 Publicity charges
2
5,000 Selling organization expenses
2
0,000 Loading & handling charges
5
,000 Servicing charges
50,000
Outward freight and insurance on buyer request 30,000 Above
expenses are separately shown in the invoice. Allowed discount @
10% on the price of the goods and shown in the invoice.

Computation of Transaction value and GST

payable.
6,00,000
 Particulars Selling Price of the
supplies Add: Advertising charges Publicity
charges Selling organization expenses
Loading & handling charges Servicing
charges Outward freight and insurance on
buyer's request
50,000
25,000
20,000

5,000 50,000 30,000

1,80,000 7,80,000
60,000
7,20,000
Less: Trade Discount
(6,00,000*10%) Transaction Value
CGST Payable at 9% SGST
Payable at 9% GST Payable
64,800

64,800 1,29,600
13. Tanisha Tra

Travels, registered in Mumbai provided the following

services in month of November Compute the amount of GST payable:
ice to a foreign tourist in relation to a tour conducted wholly
outsi India (exempt) -4,20,000
Transport of passengers by air in business class (12%) - 1,50,000
C. Transport of passengers by air in economy class (5%)-72,50,000 d.
Transport of passengers by, air conditioned contract carriage (5%).
98,000 e. Transport of passengers by radio taxi
(5%) -84,000
 CGST
SGST
IGS
Solution: Computation of Value of supplies aru -
Value GST
Rate
Particulars
(%)

4,20,000107
a. Service to a foreign tourist
in relation to a tour
conducted b. Transport of
passengers by air
in business class C.
Transport of passengers by air
in economy class
 1,50,000
12%
9,000
9,000

2,50,000 5%
6,250
6,250

Value
Particulars
()
GST
Rate
CGST
(5)
 SGST IGST
(5) (5)
d. Trans

98,000
conditio
5%
2,450
ansport of passengers by
air
nditioned contract
carriage Transport of
passengers by
dio taxi
X
ST tal turnover/output tax 133
2,450
radio taxi
84,000
5%
10.02
2,100 2,100 19,800 19,800
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LAUT OCUMENTS LINDED CO