TRANS 1 TABLE 7A, Goods and Services Tax - GST

[UDAYKANT PATHAK]

Sir,

In Trans 1 Table 7 A

HSN, UNIT, QTY, AND VALUE WHAT IS MEANING OF VALUE BEFORE OF DUTY PAID AMOUNT OR INVOICE VALUE T THINK BEFORE DUTY AMOUNT PLEASE CORRECT IF I AM WRONG.

Posts / Replies

[Ganeshan Kalyani]

In my view, it is value of the stock which is inclusive of tax.

[UDAYKANT PATHAK]

sir but i am registered in vat earlier law

[Ganeshan Kalyani]

Value of stock to mention in the field. Value shall include tax. I welcome view of my collegue experts.

[ANITA BHADRA]

In my view , Value will be before duty as there is separate coloum in Table 7A of TRAN 1 indicating eligible DUTY & TAXES .

Experts are requested to correct if I am wrong .

Regards

[CS SANJAY MALHOTRA]

Assessable value on which tax is to be calculated. In Short, value before tax.