Mathematics
A retailer purchases a spectacles for ₹1500 from a wholesaler and sells it to a consumer at 10% profit. If the sales are intra-state and the rate of GST is 12%, then choose the correct answer from the given four options for question 1 to 6:
The tax (under GST) paid by the retailer to the State Government is
- ₹99
- ₹9
- ₹18
- ₹198
GST
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Answer
From Question 1 and Question 3:
For Retailer:
Input SGST = 90
Output SGST = 99
The tax (under GST) paid by the retailer to the State Government is
Output SGST - Input SGST
= 99 - 90 = ₹9
∴ Option 2 is the correct option.
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