Value of supply u/s 15 of cgst

CGST 122 views 2 replies

Dear friends,

U/s 15 of CGST Act, taxable value of supply includes taxes, duties, cesses, fees & charges levied under any Act, other than:

[1] CGST Act, [2] SGST Act, [3] UTGST Act & [4] GST (Compensation to States) Act.

Interestingly, there is no mention of tax under IGST Act in exceptions, which could lead to interpretation that value of supply includes integrated tax.

The charging section 5 of IGST Act refers to value of supply u/s 15 of CGST Act as basis of charging integrated tax.

Would somebody shed some light on this?

   

 

Replies (2)
Taxpayers who have not set-off their liability for GSTR-3B for July 2017 and have only done "Submit"of their GSTR-3B have been given option to edit, submit and file their Returns.
For any assistance contact
9838766110
9140472122
infogstlp @ gmail.com
Twitter @ gst_opd
plz.refer section 20 of IGST.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register