Mrs salim biscuit manufactures buys raw good worth ₹140000 from different markets with in the state having GST@5℅. He sold packet biscuits worth₹210500 in the market of the neighbouring state. Rate of GST on packet biscuits is 12℅ find the amount of IGST payable by him
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Answer:
7000.
Step-by-step explanation:
Mrs Salim a biscuit manufacturer buys raw goods worth Rs 140000 from different markets within the state GST @ 5%. He sold packet biscuits worth Rs 210500 in the packet biscuits is 12%. Find the amount of IGST payable by him. Input GST = 5% on raw materials = 5% of 140000 = 140000 x 5/100 = 7000.
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