An article manufactured in UP costing rupee 1200 was sold in MP at rupee 1344.calculate the rate of IGST
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Given : article manufactured in UP costing rupee 1200 was sold in MP at rupee 1344.
To Find : rate of IGST
Solution:
Price = 1200
Including GST = 1344
GST = 1344 - 1200 = 144
As transactions are interstate hence GST = IGST
Hence IGST = 144 Rs
IGST Rate = (144/1200) * 100 = 12 %
Rate of IGST = 12 %
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