IGST is charged on :

1. interstate transaction

2. intrastate transaction

3. both (1) and (2)

4. none of these

ITC stands for :

1. Income Tax Calculations

2. Input Tax Credit

3. Instant Tax Credit

4. None of these

GST which is collected by the state government for intrastate transaction is known as :

1. CGST

2. SGST

3. IGST

4. All of these

The selling price of a shirt excluding GST is ₹ 800. If the rate of GST is 12%, then the total price of the shirt is :

1. ₹ 704

2. ₹ 96

3. ₹ 896

4. ₹ 848