mrs lata has a leather coat manufacturer unit in state A she buys raw materials worth₹80000 from a supplier from state Bat a discount of 10℅.she sells her product worth ₹220000outside the state. If the rate of CGST @2.5℅ find the IGST payable /credit of Mrs Lata
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Answer:
Hi your answer is as follows
Step-by-step explanation:
Discount on the raw material = 80,000(1 - 10/100)
= 80,000 × 9/10
= 72,000
CGST on the selling price = 2,20,000 × 2.5/100
= 2,2000 × 2.5
= 2200 × 25
= 55,000
SGST = 55,000
Total GST = 55,000 + 55,000
= 1,10,000
Therefore GST credit = 0
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