Under G.S.T. 'value addition' refers to :

1. cost plus tax plus profit

2. cost plus tax

3. expense plus profit

4. tax plus profit

If the rate of GST is 18%, the IGST for an inter-state sale is:

1. 9%

2. 18%

3. 6%

4. 12%

For a registered dealer, if the input tax is ₹ x and output tax is ₹ y, then the tax liability on the dealer is:

1. ₹ x

2. ₹ (x - y)

3. ₹(y - x)

4. ₹ y

John sells goods worth ₹ 2000 to Manish belonging to the same state. John gives a discount of 20% and charges GST = 5%. Then John gets :

1. ₹ 20

2. ₹ 850

3. ₹ 1680

4. ₹ 2520