Mathematics
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.
Assertion (A) is true, but Reason (R) is false.
Assertion (A) is false, but Reason (R) is true.
Both Assertion (A) and Reason (R) are correct, and Reason (R) is the correct reason for Assertion (A).
Both Assertion (A) and Reason (R) are correct, and Reason (R) is incorrect reason for Assertion (A).
GST
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Answer
An intra-state transaction occurs when the seller and buyer are located within the same state or union territory.
So, reason (R) is true.
The dealer and the wholesaler are both in Uttar Pradesh. Thus, the transaction is indeed an intra-state transaction.
So, assertion (A) is true and reason (R) clearly explains assertion (A).
Thus, both Assertion (A) and Reason (R) are correct, and Reason (R) is the correct reason for Assertion (A).
Hence, option 3 is the correct option.
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Related Questions
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 :
₹ 216.00
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A dealer buys an article for ₹ 1,500. He sells it to a customer at 10% profit. The rate of GST is 18%.
Assertion (A) : The price which the customer pays for the article is ₹ 1,650 (excluding GST).
Reason (R) : GST is charged on the cost price of the article.
Assertion (A) is true, but Reason (R) is false.
Assertion (A) is false, but Reason (R) is true.
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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.
Assertion (A) is true, but Reason (R) is false.
Assertion (A) is false, but Reason (R) is true.
Both Assertion (A) and Reason (R) are correct, and Reason (R) is the correct reason for Assertion (A).
Both Assertion (A) and Reason (R) are correct, and Reason (R) is incorrect reason for Assertion (A).
A shopkeeper bought a washing machine at a discount of 20% from a wholesaler, the printed price of the washing machine being ₹18000. The shopkeeper sells it to a consumer at a discount of 10% on the printed price. If the sales are intra-state and the rate of GST is 12%, find:
(i) the price inclusive of tax (under GST) at which the shopkeeper bought the machine.
(ii) the price which the consumer pays for the machine.
(iii) the tax (under GST) paid by the wholesaler to the State Government.
(iv) the tax (under GST) paid by the shopkeeper to the State Government.
(v) the tax (under GST) received by the Central Government.