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Question
A dealer A in Jharkhand buys an article for ₹1100 from a dealer B in Haryana. A sells this article for ₹1200 to a dealer C in the same state. If the rate of GST at each stage is 18%, find the price(including GST) paid by the dealer A.
A dealer A in Jharkhand buys an article for ₹1100 from a dealer B in Haryana. A sells this article for ₹1200 to a dealer C in the same state. If the rate of GST at each stage is 18%, find the price(including GST) paid by the dealer A.
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Solution
The correct option is C ₹1298
It is a case of inter state transaction between dealers A and B.
For A:
CP = ₹1100
GST = 18% of ₹1100 = ₹198
∴ The price (including GST) paid by the dealer A = CP + GST = ₹1100 + ₹198 = ₹1298
It is a case of inter state transaction between dealers A and B.
For A:
CP = ₹1100
GST = 18% of ₹1100 = ₹198
∴ The price (including GST) paid by the dealer A = CP + GST = ₹1100 + ₹198 = ₹1298
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