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GST-inclusive purchase ₹1120, sale ₹1680; both at 12%. All input GST usable. Cash GST?

A₹60

B₹67.20

C₹120

D₹180

Answer & Solution

Correct answer: A. ₹60

The purchase contains ₹120 GST and the sale contains ₹180 GST, leaving ₹60 after the full eligible credit.

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