A trader collects GST at 12% on an article costing Rs 2000 . What is his output tax
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Article costs 2000
Taxable value = 2000
GST rate = 12%
Output tax
= Taxable value × GST rate
= 2000 × 12%
=2000 × 12/100
=24000/100
=240
Taxable value = 2000
GST rate = 12%
Output tax
= Taxable value × GST rate
= 2000 × 12%
=2000 × 12/100
=24000/100
=240
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