Question

Goods purchased for cash: list price Rs. 1,00,000 Less trade discount 10%. and immediately paid to avail cash discount @5%. IGST is applicable @12%. What is the amount of input IGST? ​

Answer 1

Given: List price = Rs. 1,00,000

           Trade Discount = 10%

            Cash Discount = 5%

              and, IGST = 12%

To find : the amount of input IGST

Explanation:

List price                                      1,00,000      

less: Trade discount (10%)          - 10,000          

                                                     90,000                        

Less: Cash Discount (5%)           -  4,500

                                                     85,500

Add: IGST (12%)                          - 10,260

                                                    95,760

Hence, The amount of input IGST is Rs. 10,260