GST liability

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41 Points Posted on 12 August 2020
if Mr. A sold goods to Mr. B for Rs. 500 and IGST payable @ 18%. Mr. B make payment through e-payment system and Mr. A will get cash back Rs. 15 and Mr. B will get cash back Rs. 20 then what is the value on which GST charge and amount of GST ?
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On 12 August 2020 at 16:17 Report
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Quick Summary
This discussion clarifies GST liability when goods are sold for Rs. 500 with an 18% IGST. It addresses a scenario involving cashbacks for both buyer and seller. The consensus is that GST should be charged on the actual transaction price of Rs. 500, as cashbacks are not considered part of the value paid to the supplier under Section 15.

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1102 Points Posted on 12 August 2020
As per sec 15 transaction price is actually paid to supplier according to me price will be 500/- and GST will be charged on 500/-
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On 12 August 2020 at 16:34
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56 Points Posted on 12 August 2020
Agree with the view of annu Goyal.
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On 12 August 2020 at 17:02
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GST Practitioner
55067 Points Posted on 14 August 2020
The cash back is not included in transaction value .
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On 14 August 2020 at 00:03

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