# BANKING AFFAIRS

## BANKING GENERAL KNOWLEDGE

 Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Fill in the blanks:When the goods/srvices are sold for Rs. 15, 000 under intra-state transaction from station A to station B and the rate fo GST is 12% as per GST systemS.P. at station A =?CGST & SGST =?C.P. at station B =?If Profit = Rs. 5000, then S.P. at station B =?GST =?C.P. at station C =?
 A S.P. at station A = 15000CGST & SGST = Rs. 900 for bothC.P. at station B = 12000S.P. at station B = 20000GST = 2400C.P. at station C = 25000 B S.P. at station A = 15000CGST & SGST = Rs. 900 for bothC.P. at station B = 12000S.P. at station B = 20000GST = 2400C.P. at station C =20000 C S.P. at station A = 15000CGST & SGST = Rs. 900 for bothC.P. at station B = 15000S.P. at station B = 20000GST = 2400C.P. at station C = 20000 D S.P. at station A = 12000CGST & SGST = Rs. 1800 for bothC.P. at station B = 12000S.P. at station B = 25000GST = 1200C.P. at station C = 25000
Explanation:

Detailed explanation-1: -As given, the same goods/services are moved under inter-state transaction from station B to station C and the rate of tax is 12%. Thus, GST is Rs. 2400.

Detailed explanation-2: -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%.

Detailed explanation-3: -CGST and SGST is levied 6 % each on intra state sale and purchase. IGST is levied 12 % on inter state sale and purchase.