Kids Bazaar Pvt. Ltd., registered in Maharashtra sells kids clothing via an E-commerce operator Champ.com. Mr. Dhruv placed an order of 10 sets of…
CA Intermediate · Taxation · MTP · September 2024
Kids Bazaar Pvt. Ltd., registered in Maharashtra sells kids clothing via an E-commerce operator Champ.com. Mr. Dhruv placed an order of 10 sets of Ethnic wear in different colours each costing - 5,000 (GST @18% not included) on 20th January 2023. However, he returned 2 sets back after 2 days in accordance with the exchange policy of Champ.com. Determine the value of supply on which Champ.com should collect TCS from Kids Bazaar Pvt. Ltd.
Suggested Answer and Working Notes:
Correct Answer: Option (A)
₹ 40,000
Topics: Paper 3B: Goods and Services Tax, Paper 3A: Income Tax Laws
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