For an Intra-state sale, the CGST paid by a dealer to the Central government is ₹120. If the marked price of the article is ₹2000, the rate of GST is:

1. 6%

2. 10%

3. 12%

4. 16.67%

An article which is marked at ₹ 1200 is available at a discount of 20% and the rate of GST is 18%. The amount of SGST is :

1. ₹ 216.00

2. ₹ 172.80

3. ₹ 108.00

4. ₹ 86.40

A dealer in U.P. buys an article for ₹ 50,000 from a wholesaler in U.P.

Assertion (A): The above transaction is an intra-state transaction.

Reason (R): The sales between the same state are known as intra-state.

1. Assertion (A) is true, but Reason (R) is false.

2. Assertion (A) is false, but Reason (R) is true.

3. Both Assertion (A) and Reason (R) are correct, and Reason (R) is the correct reason for Assertion (A).

4. Both Assertion (A) and Reason (R) are correct, and Reason (R) is incorrect reason for Assertion (A).

A shopkeeper buys a TV from a manufacturer at a discount of 20% of the listed price of ₹ 54,000 and sells it to a customer at the listed price. The sales are intra-state and the rate of GST is 18%.

Assertion (A): The tax (under GST) received by the State Government is ₹ 4,860.

Reason (R): For intra-state sales, GST is divided equally among State Government and the Central government.

1. Assertion (A) is true, but Reason (R) is false.

2. Assertion (A) is false, but Reason (R) is true.

3. Both Assertion (A) and Reason (R) are correct, and Reason (R) is the correct reason for Assertion (A).

4. Both Assertion (A) and Reason (R) are correct, and Reason (R) is incorrect reason for Assertion (A).