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Taxable Value in GST Return

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M Shafi Dharoliya

Artical

21 Points Joined May 2014

There Is Two Party X & Y. X Sends Garlics (exempt Supply) For Crushing to 'Y' at the Rate 60 per Kgs.

Thereafter Y Send Back it to X Garlic Powder (exempt Supply) Form at Rate 75 per Kgs

Thereafter X Makes payment to Y Of rs 15 Per Kgs (75-60),

What is Value to be Shown as taxable Value in the GST Return of Y and What Is GST rate And HSN Code Is 712.

Replies (1)

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

There are 2 condition :

1. Mr Y can charge Rs 15 as job work from Mr X & Mr X has to send the Garlic on Delivery Challan (In term of rule 45) . In this case Mr. Y can report Rs 15/- As a outward supply in his GSTR 1.

2. As per you when Mr. Y has raise the Bill for 75/- then his outward supply is 75/- & the same is to report in GSTR 1

Note : it's recommended ,You should adopt Option 1