Question

. X a dealer at Mumbai purchased goods from dealer Y of Mumbai for Rs. 13,50,000

including VAT @ 12.5%. X earns a profit @ 25% on the cost and sold the same goods to a

retailer Z. Compute the amount of VAT payable by X.​

Answer 1

Answer:

MRP = Rs. 12,000, Discount % = 30%, GST = 18%

Discount = 30% of 12,000 = Selina-concise-mathematics-part-ii Solutions Icse Class 10 Mathematics Chapter - Gst Goods And Services Tax

Selling price (discounted value) = 12000 - 3600 = Rs. 8400

CGST = 9% of 8400 = Rs. 756

SGST = 9% of 8400 = Rs. 756

IGST = 0

Amount of Bill = Selling price + CGST + SGST = 8400 + 756 + 756 = Rs. 9912

Explanation:

Ch -1 (GST)right