Question

A product is sold from Kanpur to Varanasi for Rs 12000 and the from Varanasi to Ranchi at a profit of Rs 4000. If the rate of GST is 18%, find the net GST payable at Varanasi​

Answer 1

Answer:

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