Taxation - Income TaxMCQQuestion 6107 of 146
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15. Smita Limited made an outward supply of garments at an agreed price of ₹ 5,00,000. The company charged ‘Go Green Cess’ levied by Local municipal corporation amounting to ₹ 10,000 for this supply. As the customer made payment within 3 days from the date of delivery, Smita Limited provide a discount of ₹ 5,000 separately as a customer friendly measure, even though no prior agreement was made on discount. Value of Supply made by Smita Limited u/s 15 is ` ______________

Select Your Answer (Keyboard: A, B, C, D)
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Correct Answer

✅ Option A — 5,05,000

All Options:

  • A5,05,000 ✓
  • B5,10,000
  • C5,00,000 (d) 5,15,000 (2 Marks)
  • D

Detailed Solution & Explanation

Correct Answer: Option **A** Explanation: As per the official suggested answer, option **A** is correct. Hence, **Option A** is the correct answer.

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