(i) Online Kabadiwala purchase bottles from registered person for ₹ 100 + GST ₹ 10 = ₹ 110. It incurs expenses on cleaning of bottles of ₹ 10 and re-sells for ₹ 200. Value of supply is ₹ 70.
(ii) Person A sells it’s old laptop on OLX for ₹ 50,000 to a registered dealer. The laptop was purchased by person A for ₹ 49,000. Value of supply is ₹ 1,000

(i) Bank re-possessed a motor car from X Ltd (registered) for failure to pay EMI. Transaction between X Ltd and Bank is not a supply. Where bank subsequently sells the re-possess motor car it cannot pay tax on margin money.
(ii) Bank re-possessed a machine from X Ltd (registered) for failure to pay EMI. Transaction between X Ltd and Bank is a supply. Where bank subsequently sells the re-possess machine it shall pay tax as per section 15. Bank is not eligible to claim ITC.

(i) Bank re-possessed a motor car from X Ltd (unregistered) for failure to pay EMI. Cost of the motor car for bank is purchase price by X Ltd inclusive of GST less 5% per quarter or part of the quarter. Period shall start from the date of purchase by X Ltd and shall end on the date of re-sale by bank.
(ii) A person who has opted for margin money valuation under rule 32(5) can opt for composition scheme.

(i) Where voucher is issued for identifiable goods, value of voucher shall be price paid or payable as per section 15.
(ii) Where voucher is issued for unidentifiable goods, value of voucher shall be equal to the money value of the goods or services or both redeemable against such voucher.

(i) The rate of exchange for determination of export or import of goods shall be applicable rate as notified by CBIC. The rate as on relevant date shall be taken u/s 15 or 16 of Customs Act, 1962.
(ii) The rate of exchange for determination of export or import of service shall be GAAP. The rate as on relevant date shall be taken u/s 12 or 13 of CGST Act, 2017.