Question

11
4. Mrs Salim, biscuit manufacturer buys raw goods m
*1,40,000 from different markets within the
having GST @ 5%. He sold packet biscuits
*2,10,500 in the markets of the neighbouring so
Rate of GST on packet biscuits is 12%. Find
amount of IGST payable by him.​

Answer 1

Answer:

₹ 18,260

Step-by-step explanation:

Mrs Salim buys raw goods worth ₹ 1,40,000 from different markets within state GST 5%

GST paid (SGST + CGST) = (5/100) * 1,40,000

= ₹ 7,000

Sold for = ₹ 2,10,500

GST = 12%

IGST = (12/100) * 2,10,500 = ₹ 25,260

GST input credit = ₹ 7,000

IGST to be paid = ₹ 25,260 - ₹ 7,000 = ₹ 18,260