UP TGT Mathematics commercial mathematics Test Series - Part 1
A trader in Bihar buys goods for Rs. 80,000 and sells them to a trader in Jharkhand at 25% profit. If GST rate is 28%, c...
Type: MCQ • Marks: 1
A trader in Bihar buys goods for Rs. 80,000 and sells them to a trader in Jharkhand at 25% profit. If GST rate is 28%, calculate the IGST payable on this transaction.
Options
A. 1) Rs. 25,200
B. 2) Rs. 28,000
C. 3) Rs. 22,400
D. 4) Rs. 30,800
Explanation
Selling Price = 80000 + 25% = Rs. 100,000.
Inter-state sale => IGST = 28% of 100,000 = Rs. 28,000.
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