banner_ad

GST liability

164 views 3 replies
User Avatar

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 ?
0 Reply Share Follow
On 12 August 2020 at 16:17 Report
Replies (3)
User Avatar

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/-
Reply
On 12 August 2020 at 16:34
User Avatar

56 Points Posted on 12 August 2020
Agree with the view of annu Goyal.
Reply
On 12 August 2020 at 17:02
User Avatar

GST Practitioner
55067 Points Posted on 14 August 2020
The cash back is not included in transaction value .
Reply
On 14 August 2020 at 00:03

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior execiutive

hitesh chandwani & co

Pune

B.Com

View Details