BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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 =?
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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
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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
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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
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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
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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.
Detailed explanation-4: -SGST = 6% of 15, 000 = Rs. 900. Was this answer helpful?
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