Modi Advertisers conceptualised and designed the advertising campaign for a new product launched by New Moon Pvt Ltd. for a consideration of ` 5,00,000. Modi Advertisers owed ` 20,000 to one of its vendors in relation to the advertising service provided by it to New Moon Pvt Ltd. Such liability of Modi Advertisers was discharged by New Moon Pvt Ltd. New Moon Pvt Ltd. delayed the payment of consideration and thus, paid ` 15,000 as interest. What will be the value of taxable supply made by Modi Advertisers?
Dec. 18, 2017