Question

Some goods/services cost Rs. 16,000 and the rate of GST on them is 12%. Find the amount of the bill, in the case of:

1. intra-state transaction.
2. inter-state transaction.

Answer 1

Cost of goods = Rs 16000

Rate of GST = 12%

(i) Intra-state transaction:

SGST = CGST = `(12/2)` = 6 %

CGST `= (6/100)xx16000` = Rs. 960

SGST = `(6/100)xx16000` = Rs. 960

Amount of bill = 16000 + 960 + 960 = Rs.17920 

(ii) Inter-state transaction:

Cost of goods = Rs 16000

IGST = `12 %  = (12/100)xx16000` = Rs.1920

Amount of bill = 16000 + 1920 = 17920