Gst invoice value

Dear Experts,

I'm selling new batteries for Rs.7050 and less exchange old batteries value Rs.1500/-  Balance Rs.5550/- gst calculation on which amount have to calculate?.

Please

Replies (2)
Quick Summary
This discussion clarifies how to calculate GST on an invoice when an old item is exchanged. Even with an exchange, the GST is calculated on the full selling price of the new item, not just the balance amount payable. In this case, GST should be applied to the total Rs. 7050, as per Rule 27 of GST regulations where price isn't the sole consideration.

Transaction value will be Rs 7050 only as per rule 27 (price is not the sole consideration for supply) accordingly GST will be applicable on 7050/-.

GST applicable on 7050

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