Question

Mr. Dev (a registered dealer) purchased goods worth Rs 1,00,000. He sold out 50% of

the goods purchased for Rs 80,000 in intra-state trade and the rest of the goods remain

in his stock. If the GST rate is 18% .find the excess credit of CGST and SGST to be

carried forward​

Answer 1

Step-by-step explanation:

Apportionment of IGST revenue: The IGST collected will be apportioned between the centre and the state where the goods or services are consumed. The revenue will be apportioned to the centre at the CGST rate, and the remaining amount will be apportioned to the consuming state.

Answer 2

Answer:

HERE'S AN EXAMPLE