Taxation - Income TaxQuestion 5636 of 146
All Questions A45,000
B49,000
C50,400
D54,400
(2 Marks)
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Correct Answer
✅ Option C — 50,400
All Options:
- A45,000
- B49,000
- C50,400 ✓
- D54,400 (2 Marks)
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Detailed Solution & Explanation
Correct Answer: Option **C**
Explanation:
According to Explanation 2 to Rule 138(1) of the CGST Rules, 2017, the consignment value of goods is the value determined in accordance with the provisions of section 15, declared in an invoice, a bill of supply or a delivery challan, including the GST (CGST, SGST/UTGST, IGST, or cess) charged, and excluding the value of exempt supply of goods where the invoice is issued in respect of both exempt and taxable supplies.
Based on the facts:
- Value of taxable goods = ₹ 45,000
- IGST rate = 12%
- IGST amount =
- Value of exempt goods = ₹ 4,000 (which must be excluded because a single invoice is issued for both taxable and exempt supplies)
Thus, the consignment value is calculated as:
Hence, **Option C** is the correct answer.
Based on the facts:
- Value of taxable goods = ₹ 45,000
- IGST rate = 12%
- IGST amount =
- Value of exempt goods = ₹ 4,000 (which must be excluded because a single invoice is issued for both taxable and exempt supplies)
Thus, the consignment value is calculated as:
Hence, **Option C** is the correct answer.
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