QQuestion
For an Intra-state sale, CGST paid = ₹120. The marked price of the article is ₹2000. The rate of GST is:
(a) 6%
(b) 10%
(c) 12%
(d) 16.67%
For an Intra-state sale, CGST paid = ₹120. The marked price of the article is ₹2000. The rate of GST is:
(a) 6%
(b) 10%
(c) 12%
(d) 16.67%
(c) 12%
Explanation:
CGST% = \frac{\text{CGST}}{\text{Marked Price}} × 100
⇒ CGST% = \frac{120}{2000} × 100
⇒ CGST% = 6%
For an intra-state sale:
GST% = 2 × CGST%
⇒ GST% = 2 × 6%
⇒ GST% = 12%
Therefore, the rate of GST is 12%.
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