Vishal Mart announced a discount of 10% as festive offer on all items. It also offered turnover discount of 5% after invoicing in a form of cashback if total sales after festive discount of 10% exceeds Rs. 10,000. Mr. A purchased various goods at different MRPs as follows:
S.No. | Particulars of item purchased | M.R.P. (in Rs.) |
1. | Machinery | 7000 |
2. | Accessory | 3000 |
3. | Spare Parts | 2000 |
Calculate the value of taxable supply and tax payable if all goods are taxable at 12%.
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