3) A product is sold from Kanpur(U.P) to Banaras(U.P.) for ₹12,000 and then from Banaras to
Ranchi(Jharkhand) at a profit of ₹4,000. If the rate of GST is 18%, find the net GST payable at
Banaras.
Answers
The net GST payable is Rs 3990.51.
Step-by-step explanation:
Let the cost price of the product be x. Now,
⇒ x + 0.18 x = 12000
⇒ x = Rs 10169.50
18 % GST on C.P. is
= 0.18 x 10169.5
= Rs 1830.51
Now, another GST of product is
= 0.18 x 12000
= Rs 2160
Hence, total GST is
= 2160 + 1830.51
Total GST = Rs 3990.51
Answer:
Step-by-step explanation:
Let the cost price of the product be x. Now,
⇒ x + 0.18 x = 12000
⇒ x = Rs 10169.50
18 % GST on C.P. is
= 0.18 x 10169.5
= Rs 1830.51
Now, another GST of product is
= 0.18 x 12000
= Rs 2160
Hence, total GST is
= 2160 + 1830.51
Total GST = Rs 3990.51