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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%. - Mathematics

Fill in the Blanks

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
S.P. at station A =
CGST = 6% of 15,000 =
SGST = 6% of 15,000 =
C.P. at station B =
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%.
GST =

C.P. at station C =

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Solution

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

S.P. at station A = Rs. 15,000

CGST = 6% of 15,000 = Rs. 900
SGST = 6% of 15,000 = Rs. 900

C.P. at station B = Rs. 15,000

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%.

GST = 12% of 20,000 = Rs. 2400

C.P. at station C = Rs. 20,000 

Concept: Goods and Service Tax (Gst)
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APPEARS IN

Selina Concise Maths Class 10 ICSE
Chapter 1 GST (Goods And Service Tax)
Exercise 1 (B) | Q 1 | Page 17
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