Calculation of rate

06 February 2022

🌟 In GST how to find out the tricks of taxable value amount and rate of percentage... could you please give me an example

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4 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14901 Points)
Replied 06 February 2022

Taxable value is determined as per section 15 of the CGST act ,and rate of percentage is determined as per rate notification issued by the CBIC .

MPR Sanjay Kumar (3145 Points)
Replied 06 February 2022

For example means ,if total value they are giving ,then how to find out taxable value of that??

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prasad Nilugal ( GST Practitioner & Accounts ) (14901 Points)
Replied 06 February 2022

Total Value less GST charged = Taxable Value .

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MPR Sanjay Kumar (3145 Points)
Replied 06 February 2022

Thank you 😊

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