UP TGT Mathematics commercial mathematics Test Series - Part 1
A dealer in UP buys an article for Rs. 25,000 from a wholesaler in MP (18% IGST). The dealer sells it to a end customer...
Type: MCQ • Marks: 1
A dealer in UP buys an article for Rs. 25,000 from a wholesaler in MP (18% IGST). The dealer sells it to a end customer in UP for Rs. 30,000 with 18% intra-state GST. What is the net CGST and SGST payable by the dealer?
Options
A. 1) Rs. 0 CGST & Rs. 450 SGST
B. 2) Rs. 2,700 CGST & Rs. 2,700 SGST
C. 3) Rs. 900 CGST & Rs. 0 SGST
D. 4) Rs. 450 CGST & Rs. 450 SGST
Explanation
Input IGST = 18% of 25000 = Rs. 4,500.
Output Tax: CGST = 9% of 30000 = Rs. 2,700; SGST = 9% of 30000 = Rs. 2,700. Total Output = Rs. 5,400.
Net Tax = 5400 - 4500 = Rs. 900 (Split equally as Rs. 450 CGST and Rs. 450 SGST).
Want to attempt the full test series with a timer and instant score? Purchase the package to unlock the complete test.
Purchase Now
UP TGTMathematics
Practice more
This page is indexed for search so students can find questions directly from Google.
