Pearl & Beauty Pvt. Ltd. has provided the following particulars relating to goods sold by it to Colourful Pvt. Ltd. Particulars ₹ List price of…

Computation of value of taxable supply Particulars ₹ List price of the goods (exclusive of taxes and discounts) 50,000 Tax levied by Municipal Authority on the sale of such goods [Taxes other than GST and GST compensation cess, if charged separately are includible in the value as per section 15(2)(a) of the CGST Act, 2017] 5,000 Packing charges [Being incidental expenses, same are includible in the value as per section 15(2)(c) of the CGST Act, 2017] 1,000 Subsidy received from a non-Government body [Since subsidy is received from a non-Government body and directly linked to price, the same is included in the value in terms of section 15(2)(e) of the CGST Act, 2017] 2,000 Total 58,000 Less: Discount @ 2% on 50,000 [Since discount is known at the time of supply and recorded in invoice, it is deductible from the value in terms of section 15(3)(a) of the CGST Act, 2017] 1,000 Value of taxable supply 57,000