Question

A troder from surat, Gujarat sold cotton clothes to a trader in Rajkot, Gujarat. The taxable value of cotton clothes is Rs $2.5$ locus. What is the amount of GST at $5\%$ paid by the trader in Rajkot ?

Answer 1

Taxable value of cotton cloths = Rs $2.5$ lacs. = Rs $2,50,000$
Rate of GST = $5$%
$\therefore$ Amount of GST paid by the trader = $5$% of Rs $2,50,000$
= $\frac{5}{100}\times 250000$ = Rs $12,500$
Thus, the amount of GST paid by the trader is Rs $12,500$.