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Per Sec 15(2), the value of supply INCLUDES which of the following?
AGST, IGST and Compensation Cess charged separately
BAny taxes/duties/cesses/fees other than GST taxes, if charged separately
CDiscounts given before/at time of supply if recorded in invoice
DSubsidies provided by Central Government
Answer & Solution
Correct answer: B. Any taxes/duties/cesses/fees other than GST taxes, if charged separately
1. Sec 15(2)(a) — taxes, duties, cesses, fees other than the GST taxes (CGST/SGST/UTGST/IGST/Comp Cess) are included if charged separately.
2. GST taxes themselves are excluded — they sit on top, not within the value.
3. Discounts at the time of supply duly recorded are NOT included (Sec 15(3)(a)).
_Source: ICAI BoS CA Final Paper 8, Ch 5 "Value of Supply", §Sec 15(2)(a)_
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