Menu
GST on Mobiles
is there any rules about calculation of GST on maximum retail price,printed on the package of mobile phone.
Replies (4)
GST DUE on your taxable value
No Suman Sir. There is no such Rule. GST is levied on the "TRANSACTION VALUE." Refer the Valuation part of the CGST Act 2017. MRP includes GST but the Transaction Value excludes GST.
As per the Provision of Section 15(1) of the CGST Act 2017, GST is levied on the "Transaction Value".
Refer the Provision of Section 15(2) and 15(3) of the CGST Act 2017 for how to determine the TRANSACTION VALUE.
Regards,
Shivam RC.
As per the Provision of Section 15(1) of the CGST Act 2017, GST is levied on the "Transaction Value".
Refer the Provision of Section 15(2) and 15(3) of the CGST Act 2017 for how to determine the TRANSACTION VALUE.
Regards,
Shivam RC.
Thank you Shivam sir , for this information.
Your most Welcome Sir...
Recent Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
