what is the taxable value under GST.?

I am an air travel ticket booking agent( middleman between air travel agency and client). I'm purchasing tickets from travel agent and selling it to clients by adding my margin. what will be my taxable value.?
Ex:- Purchasing ticket from travel agent @ Rs.10,000 and selling it to client @ Rs.10,500. That 500 rupees is my margin and i'm paying gst for this as this amount includes gst.(taxable value - Rs.423.73(500×100/118), cgst and sgst- Rs.38.13 each). so should i take Rs.423.73 or Rs.10,423.73 as my taxable value.? please help.! Thanks in advance.
Replies (8)
taxable valu is10500/-
Rs.10,500?? that includes gst portion. so?
Valuation rules gives you option to adopt anything. So you can either charge 18% on 10,423 or 423
but when i take Rs.10,423 as my taxable value, the hsn summary column in gstr 9 return shows error.! so what should i do.?
Take 423 as taxable value and 10,500 as invoice value
ok.. i was taking 10,423 as taxable value till july 2019, so if i change it to 423.. is there any problem..??
As per SECTION 15 of the CGST Act 2017, GST is levied on "TRANSACTION VALUE". Your Transaction Value is Rs. 423.
Please mention Purchase Value of Air Ticket Exclude GST.

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