Would your answer be different if Complete Logistics has charged - 15,00,000 as a lumpsum consideration for getting the imported machine cleared…
CA Final · Integrated Business Solutions (Multidisciplinary Case Study) · MTP · September 2025
Would your answer be different if Complete Logistics has charged - 15,00,000 as a lumpsum consideration for getting the imported machine cleared from the customs station and bringing the same to the manufacturing complex of BCPL in Baruch, Gujarat.
Suggested Answer and Working Notes:
If Complete Logistics has charged - 15,00,000 as a lumpsum consideration for getting the imported machine cleared from the customs station and bringing the same to the manufacturing complex of BCPL, Baruch, Gujarat, then yes, the answer would be different. The value of supply shall then be - 15,00,000 and tax shall be charged on the value of supply since individual costs are not given.
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