A dealer supplied goods and services worth ₹ 11000 in Intra-state transactions. The total value of his receipts of goods and services within the state was ₹ 9000. Find the value of net tax payable by him, if the rate of GST is 12%.
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Answer:
Given:
- A dealer supplied goods and services worth ₹11000 in Intra-state transactions. The total value of his receipts of goods and services within the state was ₹9000.
Find:
- Find the value of net tax payable by him, if the rate of GST is 12%.
Calculations:
⇢ 12/100 × 11000
⇢ 1320
⇢ 11000 + 9000
⇢ 20000
Finding the value of net tax:
⇢ 12/100 × 20000
⇢ 2400
Therefore, 2400 is the value of net tax payable by him if the rate of GST is 12℅.
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