If a wholesaler buys at Rs. $10000$ and sells at Rs. $12000$, both at $18\%$ GST (intra-state), CGST payable…

If a wholesaler buys at Rs. $10000$ and sells at Rs. $12000$, both at $18\%$ GST (intra-state), CGST payable to government is
  1. Rs. $180$
  2. Rs. $360$
  3. Rs. $90$
  4. Rs. $200$

Solution

Output CGST $= 9\%$ of $12000 = 1080$. Input CGST $= 9\%$ of $10000 = 900$. Net $= 180$.

Asked in: MH-SSC-9

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