As per the given facts,
The highest rate, being of Cadbury, is to be charged 18%
2. Total Invoice value i.e handicraft item will be your taxable value
3. Yes you need to show total invoice value in return
Applicable GST Rate and Valuation
I am supplying a combo of Handicraft, Printed cards which are taxable @ 12% and Cadbury Silk (MRP product). The values of all are Handicraft item=40; Printed cards=40; Cadbury Silk=50; Transportation cost=70. Kindly give your opinion for following questions providing the reference to CGST Act, rules and notifications: 1.Considering it as mixed supply what highest rate should I apply? 2.On what value should I apply such rate? 3.I have to show sale of MRP product in Outward supply in GSTR 3b as well as in GSTR 1. If value calculated above (in question 2) is excluding value of MRP product, how should I disclose this value (whether to be shown in 0%)?
Asked 4 years ago in GST
Hii
1 yes this is a case of mix supply thus maximum rate applicable on any item is applicable for combo
2 on total taxable value you have to pay gst
3 aa mentioned above tax calculation on taxable value
Dear Sir,
Hope you are doing well !!
1. Highest rate i.e.18%.
2. Total Taxable value.
3.Yes. you need to disclose the total invoice value.
Hi
1. It would be a mixed supply. Charge the highest rate i.e. 18% in this case.
2. Charge GST on taxable value. Taxable value shall not be the MRP. Calculate by reverse calculation.
3. MRP is to be considered as total invoice value and not taxable value.
X + GST = MRP
Show X and GST amount in GSTR 3B and show X, GST and MRP in GSTR 1.
Hi
1.Highest rate shall be apply i.e.18%.
2. Total taxable value.
3. Reverse calculation is to done. MRP will not be taxable value.
1 Consider this Mixed Supply only if bundle all item in single box and Gst Rate is the Highest rate that of item in a bundle.
2. The rate you will sale that bundle in Market. if you think you can sale that lower than its fair value to reduce the price. you can not do such practice bcz product value should not be less than its fair value.
3 You can not be shown value less than its fair value of each item.
1. Item which attracts higher rate of supply
2. Treat MRP inclusive of tax and do the reverse calculation. Taxable value would be less than MRP and invoice value will be MRP.
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