Calculation of Value of Taxable supply under section 15 of CGST Act, 2017

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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