1.If a dealer in Lucknow (UP) supplies articles to another dealer in Kanpur (UP) with a rate of GST 18% then the tax levied under GST is:
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Answer:
Rs. 0
Step-by-step explanation:
For the dealer A (intra-state transaction)
SP = Rs. 8,000
For the dealer B (intra-state transaction)
CP = Rs. 8,000
CGST = 9% of 8,000 = Rs. 720
SGST = 9% of 8,000 = Rs. 720
Given profit = Rs. 1,200
SP = Rs. 9,200
For the dealer C (inter-state transaction)
CP = Rs. 9,200
IGST = 18 % of Rs. 9,200 = 18/100 x 9200 = Rs 1656
Input Tax = Rs. 1,656
As the dealer in Patna does not sell the product.
Thus, the output GST (tax on sale) = Rs. 0
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