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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
- S.P. at station A = ______
- CGST = ______
SGST = ______ - 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 = ______
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
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