Question

A trader from Surat, Gujarat sold cotton clothes to a trader in Rajkot, Gujarat. The taxable value of cotton clothes is Rupees 2.5 lacs. What is the amount of GST at 5% paid by the trader in Rajkot ? Solve the word problem

Answer 1

Dear Student,

◆ Answer -

GST paid = 12500 Rs

◆ Explanation -

Given that -

Taxable price = 2.5 lac

Taxable price = 250000

Total GST payable on taxable price is calculated by -

GST paid = Taxable price × rate of GST

GST paid = 250000 × 5/100

GST paid = 12500 Rs

Therefore, GST paid by the trader will be 12500 Rs.

Hope this helps you...

Answer 2

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