Page 28 - Ch8_ EXEMPTION

CCP 08.14.29.00

Determine taxable value of supply under GST law with respect to each of the following independent
services provided by the registered persons:-
Gross Amt
Particulars
Charged(₹)
Amount charged for loading, unloading, packing & warehousing of potato chips 25,000

Fees charged for yoga camp conducted by a charitable trust registered under section 12AA or 50,000
12AB of Income Tax Act, 1961
Amount charged by business correspondent for the services provided to the rural branch of a 1,00,000

bank with respect to Savings Bank Accounts
Amount charged by cord blood bank for preservation of stem cells 5,00,000
Amount charged for service provided by commentator to a recognized sports body 6,00,000
Amount charged for service provided by way of right to admission to circus where consideration 12,000
for the same is Rs. 750 per person.

[CA Inter MTP Mar 19- Series I]
Answer:-
Determination of taxable value of supply:-

Particulars ₹ Explanation

Loading, unloading, packing & warehousing of 25,000 Taxable, potato chips is not an agricultural produce as it is
potato chips manufactured through processes which alter it's essential
characteristic & hence, not exempt.
Fees charged for yoga camp conducted by a - Exempt, services provided by an entity registered u/s
charitable trust registered u/s 12AA or 12AB of 12AA or 12AB of Income-tax Act, 1961 by way of charitable
the Income Tax Act, 1961 activities which includes advancement of yoga are exempt

from GST.
-
Services provided by business correspondent to Exempt, as it is specifically exempted for accounts in
rural branch of a bank for Savings Bank Accounts ruralbranch of bank.
Amount charged by cord blood bank for 5,00,000 Taxable, Services provided by cord blood banks by way
preservation of stem cells of preservation of stem cells are taxable
Amount charged for service provided by 6,00,000 Taxable, as services provided to a recognized sports body

commentator to a recognized sports body only by an individual as a player, referee, umpire, coach or
team manager for participation in a sporting eventorganized
by a recognized sports body are exempt from GST.
Amount charged right to admission to circus 12,000 Taxable, the consideration charged is more than Rs. 500

where consideration is Rs. 750 per person. per person & thus,the exemption is not available.
Total Value of taxable Supply 11,37,000

CCP 08.14.30.00
Sungrow Pvt. Ltd. (a registered person), having the gross receipt of Rs. 50 lakh in the previous financial

year, provides the following information relating to their services for the month of July, 20XX:-
Sr.No. Particulars Amount (₹)
1. Running a boarding school 2,40,000

2. Fees from prospective employer for campus interview 1,70,000

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