Suppose you require ₹100 for making a cake that you sell for ₹110. You have to pay a GST of ₹ ___.
10

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Solution

The correct option is A 10
Goods and service taxes are charged on value addition and not the entire value of output. There is no tax paid by the manufacturer or the retailer. So, the GST imposed will be:
₹110 - ₹100 = ₹10

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Suppose you require ₹100 for making a cake that you sell for ₹110. You have to pay a GST of ₹ ___.10

The correct option is A 10Goods and service taxes are charged on value addition and not the entire value of output. There is no tax paid by the manufacturer or the retailer. So, the GST imposed will be: ₹110 - ₹100 = ₹10

Suppose you require ₹100 for making a cake that you sell for ₹110. You have to pay a GST of ₹ ___.
10

The correct option is A 10
Goods and service taxes are charged on value addition and not the entire value of output. There is no tax paid by the manufacturer or the retailer. So, the GST imposed will be:
₹110 - ₹100 = ₹10