Mathematics
Manu purchases some goods for ₹ 2000 and sells them for ₹ 2500. If the rate of GST is 18%, the tax liability on Manu is :
₹ 360
₹ 450
₹ 90
₹ 900
GST
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Answer
Given,
For Manu :
C.P. = ₹ 2000
S.P. = ₹ 2500
Tax paid by Manu = = ₹ 360.
Tax charged by Manu = = ₹ 450.
Tax liability on Manu = Tax charged - Tax paid = ₹ 450 - ₹ 360 = ₹ 90.
Hence, Option 3 is the correct option.
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The marked price of an article is ₹ 1,000, which is available at a discount of 20% with GST rate 12%.
Assertion (A): The GST on the sale = 12% of discounted value.
Reason (R): The GST on the transaction = (100 - 20 + 12)% of marked price.
A is true, R is false.
A is false, R is true.
Both A and R are true and R is the correct reason for A.
Both A and R are true and R is the incorrect reason for A.