Start learning →

A supplier gets a Rs 5,000 private subsidy tied to the price; buyer pays Rs 95,000. Value of supply?

ARs 90,000
BRs 95,000
CRs 97,500
DRs 1,00,000
Answer & Solution
Correct answer: D. Rs 1,00,000
A non-government subsidy directly linked to price is added to the price paid: 95,000 + 5,000 = 1,00,000.
Practise this question with Quill — CA Inter →

Keep practising GST Time, Value, Place of Supply and Input Tax Credit

Browse all GST Time, Value, Place of Supply and Input Tax Credit questions for CA Inter, or explore more Taxation topics.

Start a GST Time, Value, Place of Supply and Input Tax Credit lesson →
Related questions