alleryStart learning →For section 51, the contract value is taken after excluding which items?
AFreight charged
BDiscounts allowed
CPacking charges
DTaxes shown on invoice
Answer & Solution
Correct answer: D. Taxes shown on invoice
Value of supply excludes central, State, UT and integrated tax and cess indicated in the invoice.
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Related questions
Under section 53, CGST credit used for IGST dues makes central tax collected?When central tax credit pays IGST, the Centre transfers the sum to which account?The power to collect TCS operates without prejudice to what?Interest on a TCS mismatch added to a supplier's liability follows which provision?Rectification of a TCS statement is barred after the due date of which month?Who claims credit in the cash ledger of the amount an operator collected?The operator's annual TCS statement is due before which date after the year ends?Within how many days after month-end must the operator pay collected TCS?