A supply of goods worth Rs 50,000 is made to another state at 18% GST. What IGST is payable?
ARs 4,500
BRs 18,000
CRs 5,000
DRs 9,000
Answer & Solution
Correct answer: D. Rs 9,000
IGST applies to inter-state supply, and 18 percent of Rs 50,000 is Rs 9,000.
Keep practising Levy and Collection of Tax
Browse all Levy and Collection of Tax questions for CA Inter, or explore more Taxation topics.
Related questions
On which date was the sunset for new anti-profiteering complaints set?Anti-profiteering under GST was established through which section of the CGST Act?What does the Revenue Neutral Rate (RNR) represent?Who headed the committee set up to design a GST model under Prime Minister Vajpayee?What indirect tax reform did V. P. Singh begin in 1986?States were assured compensation for GST revenue loss for how many years?Who presides over the GST Council?Which of these is outside GST and taxed separately?