Question

Fill in the blanks:

When the goods/services are sold for Rs. 15,000 under intra-state transaction from station A to station B and the rate of GST is 12%.

As per GST System

1. S.P. at station A = ______
2. CGST = ______
   SGST = ______
3. C.P. at station B = ______
4. If profit = Rs. 5000
   S.P. at station B = ______
   Now the same goods/services are moved under inter-state transaction from station B to station C and the rate of tax is 12%.
5. GST = ______
6. C.P. at station C = ______

Answer 1

When the goods/services are sold for Rs. 15,000 under intra-state transaction from station A to station B and the rate of GST is 12%.

As per GST System

1. S.P. at station A = Rs. 15,000
2. CGST = 6% of 15,000 = Rs. 900
   SGST = 6% of 15,000 = Rs. 900
3. C.P. at station B = Rs. 15,000
4. If profit = Rs. 5000
   S.P. at station B = 15,000 + 5000 = Rs. 20,000
   Now the same goods/services are moved under inter-state transaction from station B to station C and the b rate of tax is 12%.
5. GST = 12% of 20,000 = Rs. 2400
6. C.P. at station C = Rs. 20,000