GST valuation

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59 Points Posted on 22 July 2020
supposed supplies supply UPS to his consumer
supplies supply new UPS & also taken back old UPS
for example new UPS 50000
old UPS 15000
gst charge on total value on = 65000 or 35000 if it's applicable gst on buy back UPS what rate applicable on those buy back UPS
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On 22 July 2020 at 22:51 Report
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Quick Summary
This discussion clarifies the Goods and Services Tax (GST) valuation when a supplier provides a new UPS and takes back an old one. The core question is whether GST applies to the full value of the new UPS or the net difference after deducting the old unit's value. The consensus is that GST is typically charged on the total value of the new supply, including the consideration for the old unit.

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GST Practitioner
55067 Points Posted on 24 July 2020
GST is applicable on 65000/-
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On 24 July 2020 at 00:16
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298 Points Posted on 24 July 2020
Thanks pankaj sir on what rate applicable
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On 24 July 2020 at 00:31

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