Ch 4 · GST — Charging Section & Levy

🧮 Formula sheet

1. 1.Value of Supply (Sec 15) = Transaction Value (price paid + taxes other than GST + incidental)
2. 2.Threshold: ₹40L goods, ₹20L services (₹10L special states) for registration
3. 3.Composition rate: 1% goods, 5% restaurant, 6% services (with annual ≤ ₹50L)