Question

3. Mrs Lata has a leather coat manufacturer unit in
state A. She buys raw materials worth 80,00(from a
supplier from state B at a discount of 10%. She sells
her product worth 2,20,000 outside the state. If the
rate of CGST @ 2.5%, find the IGST payable/credit
of Mrs Lata​

Answer 1

Answer:

Step-by-step explanation:

Discount on the raw material = 80,000(1 - 10/100)

                                              = 80,000 × 9/10

                                               = 72,000

                  CGST on the selling price = 2,20,000 × 2.5/100

                                                               =  2,2000 × 2.5

                                                                =  2200 × 25

                                                                  = 55,000

                          SGST = 55,000

                 Total GST = 55,000 + 55,000

                                  =   1,10,000

                        therefore GST credit = 0